Study Appendix 13. Consider the following data for the Rivera Company:

From the preceding information, fill in the following blanks. Be sure to mark your variances.
F for favorable and U for unfavorable.

(a) Flexible-budget variance €______ Fixed €______ Variable €______

(b) Production-volume variance €______ Fixed €______ Variable €______

(c) Spending variance €______ Fixed €______ Variable €______

(d) Efficiency variance €______ Fixed €______ Variable €______

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