Starlight Glassware Company has the following standards and flexible-budget data.

Standard variable-overhead rate	$	14	per direct-labor hour
Standard quantity of direct labor		2.5	hours per unit of output
Budgeted fixed overhead	$	350,000
Budgeted output		27,500	units

Actual results for February are as follows:

Actual output		19,000	units
Actual variable overhead	$	768,825
Actual fixed overhead	$	316,000
Actual direct labor		50,250	hours

Required:

Use the following diagrams below (similar to Exhibit 11-6 and Exhibit 11-8 to compute (1) the variable-overhead spending and efficiency variances, and (2) the fixed-overhead budget and volume variances. (Round your "per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Variable overhead variances:

Variable-Overhead Spending And Efficiency Variances

(Hours = Direct-Labor Hours)

(1)

(2)

(3)

(4)

Actual Variable Overhead

Projected Variable Overhead

Flexible Budget: Variable Overhead

Variable Overhead Applied To Work-In-Process

Actual Hours (AQ)

Actual Rate (AVR)

Actual Hours (AQ)

Standard Rate (SVR)

Standard Allowed Hours (SQ)

Standard Rate (SVR)

Standard Allowed Hours (SQ)

Standard Rate (SVR)

hours

per hour

hours

per hour

hours

per hour

hours

per hour

Variable-overhead spending variance

Variable-overhead efficiency variance

Fixed-overhead variances:

Fixed-Overhead Budget And Volume Variances

(Hours = Direct-Labor Hours)

(1)

(2)

(3)

Actual Fixed Overhead

Budgeted Fixed Overhead

Fixed Overhead Applied To Work In Process

Standard Allowed Hours

Standard Fixed-Overhead Rate

hours

per hour

Fixed-overhead budget variance

Fixed-overhead volume variance