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
