Entry Rules:

Round your answer to the nearest whole number.

Examples:

If your answer is $24,500.47, enter 24500

If your answer is $24,500.51, enter 24501

If your answer is $24,500.00, enter 24500

Never enter $ or , when inputting numerical answers

If you are asked to enter a WORD, enter the word exactly as it has been provided to you.

Question:

Rosemary Corporation is an exclusive jewelry designer and manufacturer.

The following standard costs were developed for one of their products:

Standard Cost per Unit Total Variable overhead 16 hours @ $45 per hour $ 720 Overhead is applied to products on the basis of standard direct labor hours for actual production.

The following information is available regarding the company's operations for the period:

Actual units produced 50 units Total actual direct labor hours 1,800 hours Actual variable manufacturing overhead incurred $32,000 Budgeted units for the period 60 units Required:

Calculate the variable overhead variances.

Use your answer to answer the following questions.

NOTE: Please enter all variances as positive numbers.

The amount of the variable manufacturing overhead spending variance for the period is $______________.

Indicate if the variable manufacturing overhead spending variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

The amount of the variable manufacturing overhead efficiency variance for the period is $______________.

Indicate if the variable manufacturing overhead efficiency variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

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