Chapter 8, Problem 8.26E

4-variance analysis, fill in the blanks. ProChem Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2017:

	Variable	Fixed
Actual costs incurred	$35,000	$16,500
Costs allocated to products	36,000	15,200
Flexible budget	­­­­­­­­­­­­­­­­­­­­­­———	16,000
Actual input × budgeted rate	31,500	­­­­­­­­­­­­­­­­­­­­­­———

Fill in the blanks. Use F for favorable and U for unfavorable:

	Variable	Fixed
(1) Spending variance	$_____	$_____
(2) Efficiency variance	_____	_____
(3) Production-volume variance	_____	_____
(4) Flexible-budget variance	_____	_____
(5) Underallocated (overallocated) manufacturing overhead	_____	_____