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The following information relates to Joplin Company for the period just ended: Standard variable overhead...

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Accounting

The following information relates to Joplin Company for the period just ended:

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Standard variable overhead rate per hour 1. 80 Standard fixed-overhead rate per hour 3.60 Planned monthly activity 42,500 machine hours Actual production completed 88, 000 units Standard machine processing time Two units per hour Actual variable overhead $ 72, 675 Actual total overhead $230, 575 Actual machine hours worked 43,000 All of the company's overhead is variable or fixed in nature. Required: A. Calculate the spending and efficiency variances for variable overhead. B. Calculate the budget and volume variances for fixed overhead.\f

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