Swan is a specialty chemical produced in batches. Normal denominator volume is 100 batches per week. The weekly flexible budget for indirect costs is $1600 plus $5 per standard hour of direct labor. Indirect costs are absorbed on the basis of standard hours of direct labor.
Data for the week just ended are:
(1) Production amounted to 103 batches
(2) There were 315 hours of direct labor used, costing $2,472.
(3) The standards allow 3 hours of direct labor per batch
(4) Actual variable overhead for the week was $1,550
(5) Actual fixed overhead for the week was $3,700

Calculate the following variances:

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Overhead Actual Standard Flexible Master Applied Activity Input Budget Budget Variable Overhead Fixed Overhead Variable Overhead Variance Fixed Overhead Price/Spending Efficiency Activity Production