4-variance analysis, fill in the blanks. Rozema, Inc., produces chemicals for large biotech companies. It...
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4-variance analysis, fill in the blanks. Rozema, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2015:
Variable Fixed
Actual costs incurred $31,000 $18,000
Costs allocated to products 33,000 14,600
Flexible budget 13,400
Actual input*budgeted rate 30,800
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 _____ _____
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