Megan, Inc. uses the following standard costs per unit for one of its products: Direct labor (2.0 hrs. @ $5.00/hr.) = $10.00; overhead (2.0 hrs. @ $2.50/hr.) = $5.00. The flexible budget for overhead is $120,000 plus $1.00 per direct labor hour (DLH). Actual data for the past month show total overhead costs of $225,000, total fixed overhead of $123,000, 85,000 hours worked, and 40,000 units produced.

The variable factory overhead efficiency variance for Megan, Inc. for the past month, to the nearest whole dollar, was:

Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: Actual direct labor hours (DLHS) worked Standard DLHs allowed for good output produced this period Actual total factory overhead costs incurred Budgeted fixed factory overhead costs Denominator activity level, in direct labor hours (DLHS) Total factory overhead application rate per standard DLH 17,000 18,000 $45,400 $10,800 15,000 $ 2.70 The variable factory overhead efficiency variance for Neptune, Inc. in April, to the nearest whole dollar, was: Multiple Choice $1,040 favorable. $1,980 favorable. O $2,160 favorable. () $3,200 favorable. $940 unfavorable. O Bonehead Co. has the following factory overhead costs for the most recent period: Standard overhead applied to this period's production Flexible budget for overhead based on output (i.e., units produced) Total budgeted overhead in the master (static) budget Actual total overhead cost incurred during the period $72,000 65,000 86,000 76,000 The fixed overhead production volume variance for Bonehead Co. this period, to the nearest whole dollar, is: Multiple Choice $11,000 unfavorable. $7,000 favorable. $4,000 unfavorable. O O $14,000 unfavorable. O $10,000 favorable. Multiple Choice $25,000 unfavorable. $5,000 unfavorable. $17,000 unfavorable. $0. O o $3,000 unfavorable