Tipton Company manufactures shirts. During June, Tipton made 1,200 shirts but had budgeted production at 1,400 shirts. Tipton gathered the following additional data: E: (Click on the icon to view the data.) Read the requirements 13. Calculate the variable overhead cost variance. Data Table - X Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U). VOH Cost Variance $0.50 per DLHO 2.00 DLHr per shirt 2,520 DLHO 14. Calculate the variable overhead efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U). Variable overhead cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of variable overhead Fixed overhead cost standard Budgeted fixed overhead Actual cost of fixed overhead VOH Efficiency Variance $1,512 $0.25 per DLHO $700 $750 15. Calculate the total variable overhead variance The total variable overhead variance is Print Done 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U). Fixed Overhead Cost Variance 0 Requirements - X 17. Calculate the fixed overhead volume variance First, select the formula, then enter the amounts and compute the fixed overhead allocated to production. (Abbreviations used: SQ = standard quantity, AO = actual output.) Calculate the following variances: 13. Variable overhead cost variance 14. Variable overhead efficiency variance 15. Total variable overhead variance 16. Fixed overhead cost variance 17. Fixed overhead volume variance 18. Total fixed overhead variance = Overhead allocated to production Now, select the formula, then enter the amounts and compute the fixed overhead volume variance and identify whether the variance is favorable (F) or unfavorable (U). Print Done Fixed Overhead Volume Variance Choose from any list or enter any number in the input fields and then continue to the next question. 18. Calculate the total fixed overhead variance. The total fixed overhead variance is