The Platter Valley factory of Bybee Industries uses a two-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 flexible-budget variance and the production-volume variance for March.

2. Use your answers for Requirement 1 of Exercises 15-31 and 15-32 and determine the flexible-budget variance and the production-volume variance for March.

3. What information is contained in each of the variances in a two-variance breakdown of the total overhead variance?