The following information is available for Bramble's Hot Dogs: Actual production 11,090 packages Budgeted production 12,500 packages Standard direct labor hours 1.5 direct labor hours per package Actual direct labor hours 17,729 Standard variable overhead rate $3 per direct labor hour Actual variable overhead costs $45,427

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available for Bramble's Hot Dogs:
Actual production
11,090 packages
Budgeted production
12,500 packages
Standard direct labor hours
1.5 direct labor hours per package
Actual direct labor hours
17,729
Standard variable overhead rate
$3 per direct labor hour
Actual variable overhead costs
$45,427
Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal
places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
$
Variable overhead spending variance
Favorable
Unfavorable
Variable overhead efficiency variance
Not Applicable
%24
%24
Transcribed Image Text:The following information is available for Bramble's Hot Dogs: Actual production 11,090 packages Budgeted production 12,500 packages Standard direct labor hours 1.5 direct labor hours per package Actual direct labor hours 17,729 Standard variable overhead rate $3 per direct labor hour Actual variable overhead costs $45,427 Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) $ Variable overhead spending variance Favorable Unfavorable Variable overhead efficiency variance Not Applicable %24 %24
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