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(Solved) (Latest ver. Aug 2020) - Overhead Variances for Rivera Company

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Overhead Variances
Consider the following data for the Rivera Company:

Factory Overhead

FixedVariable

Actual incurred $14,200 $13,300

Budget for standard hours allowed
for output achieved 12,500 11,000

Applied 11,600 11,000

Budget for actual hours of input 12,500 11,400

From the above information, fill in the blanks below. Be sure to mark your variances F for favorable
and U for unfavorable.

a. Flexible-budget variance $______ Fixed $______Variable $______
b. Production-volume variance $______ Fixed $______Variable $______
c. Spending variance $______ Fixed $______Variable $______
d. Efficiency variance $______ Fixed $______Variable $______.

 







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