,

Inc. uses a standard cost system and provides the following information.

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Quality

allocates manufacturing overhead to production based on standard direct labor hours.

Quality

reported the following actual results for

2024:

actual number of units produced,

1,000;

actual variable overhead,

$3,800;

actual fixed overhead,

$3,200;

actual direct labor hours,

1,500.

1.	Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances.
2.	Explain why the variances are favorable or unfavorable.

head cost and efficiency variances, and identify whether each variance is favorable Data table Static budget variable overhead $1,200 $1,600 800 hours Static budget fixed overhead Static budget direct labor hours Static budget number of units Standard direct labor hours 400 units 2 hours per unit Print Done