13. Calculate the variable overhead cost variance Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U) Actual Cost Standard Cost x Actual Quantity VOH Cost Variance 1.00 0.60 7,110 2,844 U 14. Calculate the variable overhead efficiency variance Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U) Actual Quantity Stndard Quantityx S Standard Cost - VOH Efficiency Variance 7,110 7,000 xS 0.60 66 U 15. Calculate the total variable overhead variance The total variable overhead variance is 2,910 unfavorable 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U) Actual fixed overhead Budgeted fixed overhead Fixed Overhead Cost Variance 13. Calculate the variable overhead cost variance Select the formula, then enter the amounts and compute the cost variance for variable overhead (VOH) and identify whether the variance is favorable (F) or unfavorable (U) Actual Cost Standard Cost x Actual Quantity VOH Cost Variance 1.00 0.60 7,110 2,844 U 14. Calculate the variable overhead efficiency variance Select the formula, then enter the amounts and compute the efficiency variance for variable overhead and identify whether the variance is favorable (F) or unfavorable (U) Actual Quantity Stndard Quantityx S Standard Cost - VOH Efficiency Variance 7,110 7,000 xS 0.60 66 U 15. Calculate the total variable overhead variance The total variable overhead variance is 2,910 unfavorable 16. Calculate the fixed overhead cost variance Select the formula, then enter the amounts and compute the cost variance for fixed overhead (FOH) and identify whether the variance is favorable (F) or unfavorable (U) Actual fixed overhead Budgeted fixed overhead Fixed Overhead Cost Variance