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Required: 1 . compute the direct materials price and quantity variances for the month ( indicate the effect of each variance by selecting F for
Required: compute the direct materials price and quantity variances for the month indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance
Materials price variance :
Materials quantity variance:
Compute the direct labor rate and efficiency variances for the month indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance
Labor rate variance:
Labor efficiency variance:
Compute the variable overhead spending and efficiency variances for the month indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance Round efficiency variance to decimal places
Variable overhead spending variance:
Variable overhead efficiency variance:
Compute the overhead budget and the volume variances for the month Round intermediate calculations to the nearest whole dollar amount. indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance
Fixed overhead budget variance:
Fixed overhead volume variance:
Compute the underapplied or overapplied overhead for the month Round intermediate calculations to the nearest whole dollar amount. indicate the effect of each variance by selecting F for favourable, U for unfavourable and None for no effect or zero variance
Total variable overhead variance:
Total fixed overhead variance:
The total overhead is
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