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    Overhead and Flexible-Budgeted Variances

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    From the above information, fill in the blanks below. Be sure to mark your variances F for favorable and U for unfavorable.

    a. Flexible-budget variance $______ Fixed $______
    Variable $______

    b. Production-volume variance $______ Fixed $______
    Variable $______

    c. Spending variance $______ Fixed $______
    Variable $______

    d. Efficiency variance $______ Fixed $______
    Variable $______

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    Solution Summary

    Overhead and flexible-budgeted variances are examined. Production-volume variance and spending variance are examined.