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The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot includes direct materials,

direct labor, and manufacturing $($factory$)$ overhead. The firm traces all direct costs to products, and it assigns

overhead cost to products based on direct labor hours.

The company budgeted $$9,600$ variable factory overhead cost, $$92,000$ for fixed factory overhead cost and $2,000$ direct

labor hours $($its practical capacity$)$ to manufacture $4,000$ pairs of boots in March.

The factory used $3,700$ direct labor hours in March to manufacture $3,800$ pairs of boots and spent $$16,800$ on variable

overhead during the month. The actual fixed overhead cost incurred for the month was $$95,000.$

The Platter Valley factory of Bybee Industries uses a two$-$variance analysis of the total factory overhead variance.

Required:

Compute the total flexible$-$budget variance for overhead and the production volume variance for March. What was the total factory

overhead cost variance for March? Indicate whether each variance is favorable $($F$)$ or unfavorable $($U$).$

Determine the three components of the total flexible$-$budget variance for overhead $($i$.$e$.,$ the variable overhead spending variance,

the variable overhead efficiency variance, and the fixed overhead spending variance$)$; in addition, show the production volume

variance for March. Indicate whether each variance is favorable $($F$)$ or unfavorable $($U$).$ Compute the total flexible$-$budget variance for overhead and the production volume variance for March. What was the total

factory overhead cost variance for March? Indicate whether each variance is favorable $($F$)$ or unfavorable $($U$).$ Determine the three components of the total flexible$-$budget variance for overhead $($i$.$e$.,$ the variable overhead spending

variance, the variable overhead efficiency variance, and the fixed overhead spending variance$)$; in addition, show the

production volume variance for March. Indicate whether each variance is favorable $($F$)$ or unfavorable $($U$).$