Consider the following data: 

From the information given, fill in the blanks below. 

The flexible-budget variance is $        Fixed $ 

                                                                  Variable $ 

The fixed overhead volume variance is $ 

The total budget/spending variance is $     Fixed $ 

                                                                            Variable $ 

The variable overhead efficiency variance is $ 

Mark your variances F for favourable and U for unfavourable.

Transcribed Image Text:

Factory Overhead Fixed Variable Actual incurred Budget for standard hours allowed for output $ 14,200 $13,300 12,500 11,000 achieved Applied Budget for actual hours of input 11,600 11,000 12,500 11,400