(If no variance exists leave the dollar value blank. Label the variance as favorable , unfavorable or never a variance)

	Variable	Fixed
Spending variance
Efficiency variance
Production volume variance
Flexible budget variance
Underallocated (overallocated) manufacturing overhead

ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2020: Actual costs incurred Costs allocated to products Flexible budget Actual input x budgeted rate Variable Fixed $ 31,000 $13,500 36,000 15,000 14,400 31,500 ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2020: Actual costs incurred Costs allocated to products Flexible budget Actual input x budgeted rate Variable Fixed $ 31,000 $13,500 36,000 15,000 14,400 31,500