The actual variable overhead is given, the budget fixed overhead is given, this is all that the problem states. Must solve for standard fixed OH if it is not one of these.

Deluxe, Inc uses a standard cost system and provides the following information. (Click the icon to view t information.) 2018 actual number of units produced, 1,000, actual variable overhead, $3.800, actual fxed overhead $2.700, actual drect labor hours, 1,800 Deluxe alocates manufacturing overhead to production based o standard direct labor hours. Deluxe reported the following actual results Read the requirements Requirement 1. Compute variable overhead cost and ettticiency variancees and foed overhead cost and volume variances r unfavorable (U), (Abbreviations used: AC actual cost AQ= actual quantity riable overhead cost and eftticiency variances Select the required fommulas compute the variable overhead cost and efficiency vaniances and identity whether each variance is tavorable (F rinbia currhnd Formula Variance (AC-SC)x AQ (AQ-SQ)x So VOH cost variance VOH efficiency variane - Now compute the fixed overhead cost and volume variances. Select the required formulas, compute the foxed overhead cost and volume variances, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used AC actual cost, AQ actual quantity: FOH Formula Variance Actual FOH- Budgeted FOH Bugeted FOH -Allocated FOH FOH cost variance FOH yolume variance : Requirement 2. Explain why the variances are favorable or unfavorable. The variable overhead cost variance is because actual cost per direct labcr hour was than the standard cost per direct labor hour direct labor TI variable overhead anagement used than standard and variable overhead is applied (incurred) based on direct labor. variance is because the total foced overhead cost was The fad overhead cost variance is than the amount budgeted t total thred overbead than the total budgeted fixed overhead cost The fixed ovemead volume variance is because total fixed overhead cost allocated to units was - X i Data Table Static budget variable overhead 1,500 Static budget fixed overhead 2,250 Static budget direct labor hours 750 hours Static budget number of units 375 units Standard direct labor hours 2 hours per unit Print Done