Variable manufacturing overhead Jimmy Java manufactures coffee makers The following summarized manufacturing overhead information was taken from their ledger accounts for the year ended December 31, 2019 65,608 67,200 Fixed manufacturing overhead 379,440 376,320 The production manager provided the following additional information Budgeted number of output units 888 coffee makers Planned allocation rate 3 machine hours per unit Actual number of machine hours used 2,643 Static budget variable manufacturing overhead cost $66,600 Static budget fixed manufacturing overhead cost $372,960 Calculate the rate and efficiency variances for variable overhead Rate variance Efficiency variance Calculate the rate and production volume variances for fixed overhead Rate variance Production volume variance

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Question: Variable manufacturing overhead Jimmy Java manufactures coffee-makers. The following summarized manufacturing overhead information was taken from their ledger accounts for the year ended December 31,

Variable manufacturing overhead

Jimmy Java manufactures coffee-makers. The following summarized manufacturing overhead information was taken from their ledger accounts for the year ended December 31, 2019.

65,608

67,200

Fixed manufacturing overhead

379,440

376,320

The production manager provided the following additional information:

Budgeted number of output units 888 coffee-makers
Planned allocation rate 3 machine hours per unit
Actual number of machine-hours used 2,643
Static-budget variable manufacturing overhead cost $66,600
Static-budget fixed manufacturing overhead cost $372,960

Calculate the rate and efficiency variances for variable overhead: Rate variance: ____________ Efficiency variance: ____________
Calculate the rate and production-volume variances for fixed overhead. Rate variance: ____________ Production volume variance: ____________

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