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Use the following information to answer questions below. Latina, Inc. has the following overhead standards: Variable overhead: 3 hours at ( $ 6 ) per
Use the following information to answer questions below. Latina, Inc. has the following overhead standards: Variable overhead: 3 hours at \\( \\$ 6 \\) per hour Fixed overhead: 3 hours at \\( \\$ 8 \\) per hour The standards were based on a planned activity of 15,000 machine hours when 5,000 units were scheduled for production. Actual data follow: Variable overhead incurred: \\( \\$ 84,360 \\) Fixed overhead incurred: \\( \\$ 123,000 \\) Machine hours worked: 14,800 Actual units produced: 5,200 1. Latina's fixed-overhead budget variance is: 2. Latina's fixed-overhead volume variance is: 3. Latina's variable-overhead spending variance is: 4. Latina's variable-overhead efficiency variance is: 5. The amount of variable overhead that Latina applied to production is
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