the following information relate to johnson, inc.s overhead costs for the month:

1. compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance.

2. explain why the variances are favorable or unfavorable.

ACC 121 620 Prin, of Managerial Accounting Spring 2019 Luye Martinez & 13/2919 10-18 PM Homework: Ch. 23 Week 12 Score: 0.25 of 1 pt Hw Score: 31.25%,1.25 of 4 pts 2 S23-10 (similar to) Question Heip The following information relates to Jahnson, Inc's overhead costs for the mon EE Click the icon to view the information) t. Compute tre overhead variances for the manth: variable overead cosl variance, variable overhead efficiancy varianoe, fxed overhead cest variance, and fxed overhead volume varanoe 2 Explain why the variances are fevorable Requirement 1. Compulte the overhead variances for the month variable overthead cont variance, variable overhead efficiancy varianoe, fxed overhead cost variance, and fwed overhead volume variance Actual cost-Standard cost) Actual hours VOH oont variance Actual overhead-Budgeted overhend Budgeted overhead Adlocsted overhead FOH 0ost variance Stadic budget variable overhea State budget fxed overhed Static budget direct labor hours Sta budget number of units S 7,800 3,900 FOH volume varianoe 1,300 houns 5.200 units ollowing actual resuts: actual wariable overhead, $10,700, actual direct abor hours per unit (1,300static direct lubor hours / 5.200 static units Print Done Enter any number in the edit felds and then cick Check Answer 4 pataring Cear Al Check Arower sts for the month overhead cost variance,variable overheed effiency variance, fixed overhead cost variance, and fixed overhead volume varian Data Table ance, and fixed overhead volun onth: variable overhead able overhead (VOH) an = VOH 7,800 s 3,900 Static budget variable overhead VOHStatic budget fixed overhead FOH 1,300 hours 5,200 units Static budget direct labor hours Static budget number of units Johnson allocates manufacturing overhead to production based on standard direct labor hours. Last month, Johnson reported the following actual results: actual variable overhead, $10,700; actual fxed overhead, $2,830, actual production of 6,900 units at 0.30 direct labor hours per unit. The standard direct labor time is 0.25 direct labor hours per unit (1,300 static direct labor hours/5,200 static units) Print Done ck Check Arswer Clear All F9 5