Question: The following data relate to the current months activities of Animated Video Productions: Actual Total Direct Labor .............................................................................. $43,400 Actual Hours Worked ....................................................................................... 14,000 Standard

The following data relate to the current month’s activities of Animated Video Productions:

Actual Total Direct Labor .............................................................................. $43,400
Actual Hours Worked ....................................................................................... 14,000
Standard Hours Allowed for Actual Output (flexible budget).......................... 15,000
Actual Total Variable Overhead....................................................................... $22,900
Standard Variable Overhead Rate per Direct Labor Hour.................................. $ 1.50
Standard Direct Labor Wages per Hour.............................................................. $ 3.00

Compute the labor and variable overhead variances.

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