1.

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches

Gladys Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour	$3.00
Actual variable overhead rate (AVOR) per direct labor hour	$3.62
Actual direct labor hours worked (AH)	56,700
Actual production in units	18,000
Standard hours (SH) allowed for actual units produced	53,000

Required:

1. Using the columnar approach, calculate the variable overhead spending and efficiency variances.

Spending	$fill in the blank 1
Efficiency	$fill in the blank 3

2. Using the formula approach, calculate the variable overhead spending variance.

$fill in the blank 5

3. Using the formula approach, calculate the variable overhead efficiency variance.

$fill in the blank 7

4. Calculate the total variable overhead variance.

$fill in the blank 9

2.

Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches

Marvelettes Company provided the following information:

Standard fixed overhead rate (SFOR) per direct labor hour	$4
Actual fixed overhead rate (AFOR) per direct labor hour	$6.63
Actual direct labor hours worked (AH)	56,300
Actual production in units	14,000
Standard hours allowed for actual units produced (SH)	55,000

Required:

1. Using the columnar approach, calculate the fixed overhead spending and efficiency variances.

Spending	$fill in the blank 1
Efficiency	$fill in the blank 3

2. Using the formula approach, calculate the fixed overhead spending variance.

$fill in the blank 5

3. Using the formula approach, calculate the fixed overhead efficiency variance.

$fill in the blank 7

4. Calculate the total fixed overhead variance.

$fill in the blank 9