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You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of hip hop jeans but had budgeted production at
You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of hip hop jeans but had budgeted production at 1,400 pairs. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Calculate the following variances ensuring you label each variance as favorable or unfavorable: 1. Variable overhead cost variance 2. Variable overhead efficiency variance 3. Total variable overhead variance 4. Fixed overhead cost variance 5. Fixed overhead volume variance 6. Total fixed overhead variance You Are Not Your Mom Company (YANYM) manufactures hip-hop jeans. In June, YANYM made 1,200 pairs of hip hop jeans but had budgeted production at 1,400 pairs. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Calculate the following variances ensuring you label each variance as favorable or unfavorable: 1. Variable overhead cost variance 2. Variable overhead efficiency variance 3. Total variable overhead variance 4. Fixed overhead cost variance 5. Fixed overhead volume variance 6. Total fixed overhead variance
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