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PLEASE INDICATE FOR EACH QUESTION WHETHER IT IS FAVOURABLE, UNFAVOURABLE OR NEITHER. Question 26 Pointe Claire Company applies overhead based on direct labour hours. Two

PLEASE INDICATE FOR EACH QUESTION WHETHER IT IS FAVOURABLE, UNFAVOURABLE OR NEITHER.

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Question 26 Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,600 units. Manufacturing overhead is budgeted at $129,000 for the period (20% of this cost is fixed). The 16,910 hours worked during the period resulted in the production of 8,380 units. The variable manufacturing overhead cost incurred was $105,700 and the fixed manufacturing overhead cost was $28,900. Calculate the variable overhead spending variance for the period. Variable overhead spending variance $ Calculate the variable overhead efficiency (quantity) variance for the period. Variable overhead efficiency variance Calculate the fixed overhead budget (spending) variance for the period. Fixed overhead budget variance Calculate the fixed overhead volume variance for the period. Fixed overhead volume variance Neither favourable nor unfavourable Favourable Unfavourable licy 2000-2021 John Wiley & Sons, Inc. All Rights Version 4.24.2

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