Smithson Company manufactures shirts. During June, Smithson made 1,400 shirts but had budgeted production at 1,600 shirts. Smithson gathered the following additional data: (Click on the icon to view the data.) Read the requirements. 13. Calculate the variable overhead cost variance. Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). Actual Cost Standard Cost ) Actual Quantity 0.90 1.2 ) x 14. Calculate the variable overhead efficiency variance. 8480 VOH Cost Variance 9158.4 U Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U). Actual Quantity ( 2800 Standard Quantity) x Standard Cost 8480 ) x 0.90 VOH Efficiency Variance (5112) F Data Table 15. Calculate the total variable overhead variance The total variable overhead variance is 4046.4 unfavorable 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U). Actual fixed overhead 5280 Budgeted fixed overhead 5355 17. Calculate the fixed overhead volume variance Fixed Overhead Cost Variance (75) U Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead Print Done $0.90 per DLHr 6.00 DLHr per shirt 8,480 DLHr $10,176 $0.55 per DLHr $5,280 $5,355 First, select the formula, then enter the amounts and compute the fixed overhead allocated to production. (Abbreviations used: SQ = standard quantity, AO = actual output.) Standard overhead allocation rate xSQ of the allocation base allowed for AO = Overhead allocated to production Now, select the formula, then enter the amounts and compute the fixed overhead volume variance and identify whether the variance is favorable (F) or unfavorable (U). Budgeted fixed overhead Allocated fixed overhead Fixed Overhead Volume Variance 18. Calculate the total fixed overhead variance. The total fixed overhead variance is unfavorable