Calculate the variances and identify whether the variance is favorable (F) or un

Question

Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U). (b) Total Direct Materials Variance (c) Total Direct Labor Variance (e) Total Variable Overhead Varlance (f) Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance (a) Total Flexible Budget Product Cost Variance Data Table Total Flexible Budget Product Cost Variance Total Manufacturing Overhead Variance Total Direct Total Direct Materials Variance Labor Variance Direct Labor Total Fixed Direct Materials Cost Variance S 500 F Direct Materials Efficiency Variance 115 U Direct Labor Cost Variance 360U Total Variable Efficiency Variance Overhead Variance Overhead Variance $555 F Variable Overhead Variable Overhead Fiked Overhead Cost Vriance Efficiency Variance Cost Variance 275 U 350 F 175

Explanation / Answer

Direct Material Cost Variance.            500 (F) Direct Material Efficiency Variance.            115 (U) Total Direct Material Variance            385 (F) Direct Labor Cost Variance.            360 (U) Direct Labor Efficiency Variance.            555 (F) Total Direct Labor Variance            195 (F) Variable Overhead Cost Variance.            275 (U) Variable Overhead Efficiency Variance            350 (F) Total Variable Overhead Variance               75 (F) Fixed Overhead Cost Variance            175 (F) Total Fixed Overhead Cost Variance            175 (F) Total Manufacturing Overhead Variance            250 (F) Total Flexible Budget Product Cost Variance            830 (F)

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