Need 32. Have provided 29 and 30 for reference.

sis of the total factory overhead variance. [LO 15-2] 15-32 Two-Variance vs. Four-Variance Breakdown of the Total Factory Overhead Cost Variance (Continuation of Exercises 15-29 and 15-30) The Platter Valley factory of Bybee Industries uses a two-variance analysis of the total factory overhead variance. Required 1. Use the data given in Exercises 15-29 and 15-30 to compute the total flexible-budget variance for over- head and the production volume variance for March. What was the total factory overhead cost variance for March? Round all variances to the nearest whole dollar, and indicate whether each variance is favor- able (F) or unfavorable (U). 2. Use your answers for requirement 1 of Exercises 15-29 and 15-30 to show the three components of the total flexible-budget variance for overhead (i.e., the variable overhead spending variance, the variable overhead efficiency variance, and the fixed overhead spending variance); in addition, show the produc- tion volume variance for March. Indicate whether each variance is favorable (F) or unfavorable (U). 3. What information is contained in each of the variances in a two-variance breakdown of the total over- head variance? [LO 15-2, 15-3] 15-29 Variable Factory Overhead Variances; Journal Entries The Platter Valley factory of Bybee Industries manufactures field boots. The cost of each boot includes direct materials, direct labor, and manufacturing (factory) overhead. The firm traces all direct costs to products, and it assigns overhead cost to products based on direct labor hours. The company budgeted $15,000 variable factory overhead cost and 2,500 direct labor hours to manufacture 5,000 pairs of boots in March. The factory used 2,700 direct labor hours in March to manufacture 4,800 pairs of boots and spent $15,600 on variable overhead during the month. Operational-Level Control Required 1. Compute the factory overhead flexible-budget variance, the factory overhead spending variance, and the efficiency variance for variable factory overhead for March. Round each variance to the nearest whole number, and state whether each variance is favorable (F) or unfavorable (U). 2. Provide the appropriate journal entry to record the variable overhead spending variance and a second entry to record the variable overhead efficiency variance for March. Assume that the company uses a single account, Factory Overhead, to record overhead costs. 3. Comment on the factory's operation in March with regard to variable factory overhead cost. 15-2, 15-3] 15-30 Fixed Factory Overhead Cost Variances; Journal Entries (Continuation of Exercise 15-29) For March, the Platter Valley factory of Bybee Industries budgeted $90,000 for fixed factory overhead cost. Its practical capacity is 2,500 direct labor hours per month (to manufacture 5,000 pairs of boots). The factory used 2,700 direct labor hours in March to manufacture 4,800 pairs of boots. The actual fixed overhead cost incurred for the month was $92,000. Required 1. Compute the fixed overhead spending (budget) variance and the production volume variance for March. Round each variance to the nearest whole number, and indicate whether each variance is favorable (F) or unfavorable (U). 2. Compute the fixed overhead flexible-budget variance for March, rounded to the nearest whole number. Is this variance favorable (F) or unfavorable (U)? 3. Provide the appropriate journal entry to record the fixed overhead spending variance and the appropri- ate journal entry to record the production volume variance for March. Assume that the company uses a single account, Factory Overhead, to record overhead costs. 4. Comment on the factory's results in March with regard to fixed overhead costs