McDormand, Inc., reported a $3,300 unfavorable price variance for variable overhead and a $33,000 unfavorable price variance for fixed overhead. The flexible budget had $1,081,500 variable overhead based on 36,050 direct labor-hours; only 34,090 hours were worked. Total actual overhead was $1,811,000. The number of estimated hours for computing the fixed overhead application rate totaled 37,600 hours.

Required:

a. Prepare a variable overhead analysis. b. Prepare a fixed overhead analysis.

Price variance $ | $ 3,300 U 58,800F Efficiency variance Variable overhead cost variance $ 33,000 U Price variance Production volume variance Fixed overhead cost variance