You've been asked to review the overhead rates for your client, the Plexiglas Solution Co.

Plexiglas manufactures standard-sized plexiglas protectors for grocery stores and banks.

Plexiglas uses budgeted machine hours to allocate variable and fixed manufacturing overhead.

The following information relates to Plexiglas's manufacturing overhead data:

Budgeted output units (panels)40,000 unitsBudgeted machine-hours80,000 hoursBudgeted variable manufacturing overhead costs for 80,000 hours$348,285Actual output units produced47,000 unitsActual machine-hours used86,000 hoursActual variable manufacturing overhead costs$384,000Budgeted Fixed Overhead$3,200,000Actual Fixed Overhead$3,400,000

Prompt 1

The volume variance is

Answer for prompt 1 The volume variance is

Prompt 2

The fixed overhead spending variance is

Answer for prompt 2 The fixed overhead spending variance is

Prompt 3

The flexible budget variance for variable overhead is

Answer for prompt 3 The flexible budget variance for variable overhead is

Prompt 4

The variable overhead efficiency variance is

Answer for prompt 4 The variable overhead efficiency variance is

Prompt 5

The variable overhead rate variance is