Question: A company uses machine hours to apply both variable and fixed overhead. Budgeted variable overhead is ($100,000.) Budgeted fixed overhead is ($200,000.) The budgeted machine

A company uses machine hours to apply both variable and fixed overhead. Budgeted variable overhead is $$100,000.$ Budgeted fixed overhead is $$200,000.$ The budgeted machine hours are 1,000. During the period, 1,200 machine hours are used but only 1,100 standard hours occurred. The actual variable overhead is $$105,000$ and the actual fixed overhead is $$205,000$.

Calculate all of the overhead variances.

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