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Sweet Acacia Co. uses a standard job cost system with a normal capacity of 25,500...

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Accounting

Sweet Acacia Co. uses a standard job cost system with a normal capacity of 25,500 direct labour hours. Sweet Acacia Co. produces 12,400 units, which cost $211,500 for direct labour (23,500 hours), $24,800 for variable overhead, and $144,460 for fixed overhead. The standard variable overhead per unit is $2 (2 hours at $1 per hour), and the standard fixed overhead per unit is $10.40 (2 hours at $5.20 per hour).

Calculate the variable overhead spending variance and the variable overhead efficiency variance.

Variable overhead spending variance
$enter a dollar amount
select an option Neither favourable nor unfavourableUnfavourableFavourable
Variable overhead efficiency variance
$enter a dollar amount
select an option UnfavourableFavourableNeither favourable nor unfavourable

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