Knowledge Check

Overhead information for Wilts Company is presented.

$,$ Actual fixed overhead, $$9,150$

Actual variable overhead, $$5,590$

$,$ Budgeted fixed overhead, $$9,300$

$,$ Variable overhead rate, $$0\mathrm{.}90$

$,$ Fixed overhead rate, $$1\mathrm{.}50$

$,$ Normal capacity hours, $6,200$

$,$ Standard hours allowed, $6,100$

Determine the overhead controllable and the overhead volume variances. Indicate whether they are favorable or unfavorable.

Overhead controllable variance

Overhead volume variance