1. Compute overhead spending variance   

2. Compute overhead effeiency variance

3. Compute flexible budget variance

1. Compute direct manufactuing labor varainces for May

2. Compute the actual pounds of direct materials used in productions.

3. Calculate the price per pound of direct materials purchased.

4. Calculate the direct materials price variance.

Haliburton ol company's accountingrecords were partially destroyed by afire. The company's acCOuntant Istrying to reconstruct based on the avallable Information fntwo scenarlos.(case 1.case 2) Case 1 case 2 Lin thousands ) Accounts recelvable, 12/31 $ 8,000 $3,150 Cost of goods sold 31,800 Accounts payable 1/1 4,500 2,550 Finished goods inventory 12/31 7,000 Gross margin 18,000 Work in process inventory, 1/1 3,000 1,500 Work in proce5s inventory, 12/31 4,700 Finished goods inventory, 1/1 5,000 7,000 Accounts payable 12/31 2,700 2,250 Direct materlals used 13,000 19,000 Direct manufacturing labor 4,500 8,500 Manufacturing overhead costs 9,500 Purchase of materlals 13,500 10,500 Revenues 52,000 52.300 Accounts receivable 11 3,000 2100