3 Applied OH Variance 4 1 311 Homework 10 Instructions: Calculate the Overhead Variances 2 Budget at 75% Capacity Actual OH Allocation rate per hour Standard Hours Variable OH Fixed OH Variable OH Variance 7 Spending Variance Efficiency Variance 8 5 6 10 11 12 Fixed OH Variance 13 Spending Variance Volume Variance (uncontrollable) 14 15 16 17 18 19 20 21 Controllable OH variance 22 23 24 25 Total Controllable OH Variance 1 311 Homework 10 2 Costs 3 Direct materials 4 Direct labor 5 Overhead 6 Units manufactured Instructions: Calculate the DM, DL and Overhead Variances, as well as the DM Price Variance, DM quantity variance, DL Rate variance and DL efficiency variance Standard Actual 15lbs @ $4/1b 138,000 lbs @ $3.75/lb 3 hrs @$ 15/hr 31,000 hrs @ $15.10/hr 3 hrs @ $8/hr 210,000 9,000 Standard Cost @actual level Favorable or Actual Cost of production Variance Unfavorable 7 Variance Calculation 8 Direct materials 9 Direct labor 10 Overhead 11 TOTAL 12 Direct Materials Variance 13 Price Variance 14 15 Quantity Variance 16 17 18 Direct Labor Variance Rate Variance 19 Efficiency Variance 20