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ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacluring...

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Accounting

ComplexChem, Inc., produces chemicals for large biotech companies. It has the following data for manufacluring overhead costs during August 2020.
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(If no vanance exists leave the dollar value blank. Label the variance as favorable (F), unfavorable (U) or never a variance (N)).
(1) Spending variance
(2) Efficiency variance
(3) Production-volume variance
(4) Flexible-budget variance
(5) Underallocated (overallocaled) manulacturing overhead
Data table
\table[[,Variable,Fixed],[Actual costs incurred,$32,000,$13,500
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