Question
The following information is available for Crane's Hot Dogs: Actual production 11,000 packages Budgeted production 12,500 packages Standard direct labor hours 0.6 direct labor hours
The following information is available for Crane's Hot Dogs:
Actual production 11,000 packages Budgeted production 12,500 packages Standard direct labor hours 0.6 direct labor hours per package Actual direct labor hours 7,600 Standard variable overhead rate $2 per direct labor hour Actual variable overhead costs $14,910
Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
Variable overhead spending variance $enter the variable overhead spending variance in dollars select an option Variable overhead efficiency variance $enter the variable overhead efficiency variance in dollars select an option
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