13-48 Overhead Variances Study Appendix 13. Consider the following data for the Rivera Company: Factory Overhead Fixed Variable Actual incurred $14,200 $13,300 Budget fr standard hours allowed for output achieved 12,500 11,000 Applied 11,600 11,000 Budget for actual hours of input 12,500 11,400 From the above information, fill in the blanks below. 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 $______