Require to solve: The budgeted variable manufacturing overhead rate is $$3\mathrm{.}00$ per direct labour$-$hour. During July, the company incurred $$13,475$ in variable manufacturing overhead cost. Compute the variable overhead spending and efficiency variances for the month. $($Indicate the effect of each variance by selecting $"$F$"$ for favourable, $"$U$"$ for unfavourable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

Tiltle:

Affordable Electronics Inc. manufactures medium$-$quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows:

$\backslash$table$[[,$Standard Rate,Standard$],[$Standard Hours,per Hour,Cost$],[15$ minutes hours

During July, $3,850$ hours of direct labour time were recorded to make $16,000$ units. The direct labour cost totalled $$61,600$ for the month.