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Fletcher Company collected the following data regarding the production of one of its products. Compute...

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Accounting

Fletcher Company collected the following data regarding the production of one of its products. Compute the variable overhead spending variance.

Direct labor standard (2.00 hrs. @ $14.10/hr.) $28.20 per finished unit
Actual direct labor hours 88,900 hrs.
Budgeted units 46,600 units
Actual finished units produced 43,000 units
Standard variable OH rate (2.00 hrs. @ $14.00/hr.) $28.00 per finished unit
Standard fixed OH rate ($232,000/46,600 units) $5.00 per unit
Actual cost of variable overhead costs incurred $1,216,000
Actual cost of fixed overhead costs incurred 234,900

A. $7200 favorable.

B. $40,600 unfavorable.

C. $28,600 favorable.

D. $7200 unfavorable.

E. $40,600 favorable.

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