The Platter Valley factory of Bybee Industries uses a three-variance analysis of the total factory overhead variance.

 

Budgeted variable factory overhead							$ 15,000
Budgeted direct labor hours							2,500
Budgeted production in pairs of boots							5,000
Actual variable factory overhead							$ 15,600
Actual direct labor hours							2,700
Actual production in pairs of boots							4,800
Budgeted fixed factory overhead							$ 90,000
Actual fixed factory overhead							$ 92,000

Required

1. Use the data given in Exercises 15-31 and 15-32 to compute the total overhead spending variance, the efficiency variance, and the production-volume variance.

2. Use your answers for Requirement 1 of Exercises 15-31 and 15-32 to determine the spending variances (both variable and fixed), the efficiency variance, and the production-volume variance.