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The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 1,466 drills Standard machinehours
The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration: Budgeted production 1,466 drills Standard machinehours per drill 9.7 machinehours Standard indirect labor $ 9.56 per machinehour Standard power $ 3.16 per machinehour Actual production 1,666 drills Actual machine-hours 36,656 machine-hours Actual indirect labor $345,662 Actual power $118,466 Required: Compute the variable overhead rate variances for indirect labor and for power for November. indicate whether each ofthe variances is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U\" for unfavorable. and "None" for no effect (i.e.. zero variance). Input all amounts as positive values.) Indirect labor
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