Chapter 11, Problem 22E

Crystal Glassware Company has the following standards and flexible-budget data.

Actual results for April are as follows:

Required: Use the variance formulas to compute the following variances. Indicate whether each variance is favorable or unfavorable, where appropriate.

1. 1. Variable-overhead spending variance.
2. 2. Variable-overhead efficiency variance.
3. 3. Fixed-overhead budget variance.
4. 4. Fixed-overhead volume variance.