Homework Answers
8) Direct labor cost in flexible budget = 34000*48 = $1632000
9) Labor rate variance = (16-17)*71000 = $71000 U
10) Labor efficiency variance = (34000*3-71000)*16 = 496000 F
11) Total labor spending variance = 496000-71000 = 425000 F
12) Variable manufacturing overhead in planning budget = 30000*12 = $360000
13) Variable manufacturing overhead in flexible budget = 34000*12 = $408000
14) Variable overhead rate variance = (4*71000-340090) = 56090 U
15) Variable overhead efficiency variance = (34000*3-71000)*4 = 124000 F
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