Mosaic Company applies overhead using machine hours and reports the following information Actual machine hours used (AH) Standard machine hours (for actual production) (SH) Actual variable overhead rate per hour (AVR) Standard variable overhead rate per hour (SVR) 4,700 hours 5,000 hours 54.15 $4.00 Compute the variable overhead spending variance and the variable overhead efficiency variance and classify each as favorable or unfavorable. Answer is not complete. Actual Cost Flexible Budget AH x- AVR AH SVR x x x Vanable overhead spending variance Vanable overhead efficiency variance Total variable overhead cost variance 000 S 0 Favorable Favorable Standard Cost SH SVR X Return to question Actual direct labor hours used (A) Actual direct labor rate per hour (AK) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) AH Actual Hours SH Standard Hours AR Actual Rate 65,000 $ 15 $ 14 67,000 SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance. Answer is not complete. AH Actual Cost 3 x AR 65,000 C x $ 15.00 $975,000 $ 65,000 Direct labor rate variance Direct labor efficency variance Total direct labor variance 000 AH x SR 65.000 X $ 14.00 $910,000 65,000 28,000 Unfavorable Favorable Unfavorable Standard Cost SHO 67,000 SR $14.001 $ 938,000 $28,000 000 Return to