Smithson Company manufactures shirts. During June, Smithson made 1,100 shirts but had budgeted production at 1,250 shirts. Smithson gathered the following additional data:

Variable overhead cost standard: $0.20 per DLHr

Direct labor efficiency standard: 7.50 DLHr per shirt

Actual amount of direct labor hours: 8,340 DLHr

Actual cost of variable overhead: $4,170

Fixed overhead cost standard: $0.15 per DLHr

Budgeted fixed overhead: $1,406

Actual cost of fixed overhead: $1,531

13.) Calculate the variable overhead cost variance. Select the formula from the drop down mennu and compute.

[(Actual Cost, Actual Quantity, Standard Cost, Standard Quantity) - (Actual Cost, Actual Quantity, Standard Cost, Standard Quantity)] x (Actual Cost, Actual Quantity, Standard Cost, Standard Quantity) = VOH Cost Variance

(_____ - _____ ) x _____ = _____ (Favorable/Unfavorable)

14.) Calculate the variable overhead efficiency variance:

[(Actual Cost, Actual Quantity, Standard Cost, Standard Quantity) - (Actual Cost, Actual Quantity, Standard Cost, Standard Quantity)] x (Actual Cost, Actual Quantity, Standard Cost, Standard Quantity) = VOH Efficiency Variance

(_____ - _____) x _____ = _____ (Favorable/Unfavorable)

15.) Calculate the total variable overhead variance:

The total variable overhead variance is: _____ (Favorable/Unfavorable)

16.) Calculate the fixed overhead cost variance:

(Actual Cost, Actual Quantity, Standard Cost, Standard Quantity) - (Actual Cost, Actual Quantity, Standard Cost, Standard Quantity) = Fixed Overhead Cost Variance

______ - ______ = ______ (Favorable/Unfavorable)

17.) Calculate the fixed overhead volume variance

(Actual fixed overhead, Actual variable overhead, Budgeted fixed overhead, Budgeted variable overhead, Standard overhead allocation rate, SQ of the allocation base allowed for AO) x (Actual fixed overhead, Actual variable overhead, Budgeted fixed overhead, Budgeted variable overhead, Standard overhead allocation rate, SQ of the allocation base allowed for AO) = Overhead allocated to production

(______ x _____) = _______

Now select the formula then enter the amounts and compute fixed overhead volume variance and identify whether it is favorable (F) or unfavorable (U).

(Actual fixed overhead, Actual variable overhead, Allocated fixed overhead, Budgeted fixed overhead, Budgeted variable overhead) - (Actual fixed overhead, Actual variable overhead, Allocated fixed overhead, Budgeted fixed overhead, Budgeted variable overhead) = Fixed Overhead Volume Variance

(_____ - _____) = _____ (F/U)

18.) Calculate the total fixed overhead variance:

The total fixed overhead variance is: ____ (F/U)