Silicon Inc. has provided the following information for the year ended December 31, Year 1.

	Master Budget				Actual Costs
	5,000 units				4,500 units
Direct materials	$	35,000			$	32,500
Direct labor		15,000				12,500
Variable manufacturing overhead		8,000				7,800
Fixed manufacturing overhead		16,000				17,500
Total manufacturing cost	$	74,000			$	70,300

What is the direct materials spending variance?

What is the direct labor volume variance?

What is the total variable manufacturing overhead variance?

• 
  What is the fixed manufacturing overhead volume variance?

Answer rating: 100% (QA)

Heres a breakdown of the variances for Silicon Inc 1 Direct Materials Spending Variance Favorable variance Formula Direct Materials Budget Price x Bud... View the full answer