The following information relates to Goldman, Inc, overhead costs for the month

1. Compute the overhead variences for the month : variable overhead cost varience, variable overhead effiency varience, fixed overhead cost varience, and fixed overhead volume varience.

2. Explain why the variences are favorable or unfavorable

ency variance, fixed overhead cost variance, and fixed overhead volume variance. then compute each variance amount. Data Table 7,200 tatic budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units $ 3,600 1,200 hours 2.400 units Goldman allocates manufacturing overhead to production based on standard direct labor hours. Last month, Goldman reported the following actual results: actual variable overhead, $10,500; actual fixed overhead, $2,760; actual production of 7,000 units at 0.40 direct labor hours per unit. The standard direct labor time is 0.5 direct labor hours per unit (1,200 static direct labor hours / 2,400 static units) Print Done lear All Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH VOH cost variance VOH efficiency variance FOH cost variance 11 FOH volume variance