13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company

13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company

Acc 561 Week 5

Question 13-48 Rivera Company

13-48 Rivera Company

13-48 Study Appendix 13

Overhead Variances
Study Appendix 13. Consider the following data for the Rivera Company:
Factory Overhead
Fixed             Variable
Actual incurred                                                                                   $14,200          $13,300
Budget for standard hours allowed
for output achieved                                                                             12,500            11,000
Applied                                                                                               11,600              11,000
Budget for actual hours of input                                                        12,500             11,400

From the above information, fill in the blanks below. Be sure to mark your variances F for favorable and U for unfavorable
a.       Flexible-budget variance                Fixed          Variable -------
b.       Production-volume variance                   Fixed               Variable
c.       Spending variance                   Fixed                   Variable                  
d.       Efficiency variance                 Fixed                 Variable                
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