AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate: Budgeted fixed overhead Predicted activity level Actual activity level Enter your answers in the tabs below. Controllable variance $ QS 21-15 (Algo) Total overhead and controllable variances LO P4 Actual total overhead Budgeted (flexible) overhead Budgeted variable overhead i Budgeted fixed overhead (unchanged) Budgeted (flexible) overhead Controllable variance $ $ 28,575 $ 32,240 Required A Required B Compute the controllable variance and identify it as favorable or unfavorable. 2 $ 2.10 per unit 32,940 32,940 4,365 Favorable $ 11,100 11, 100 units 10,400 units

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.