One of your clients Moore Manufacturing has asked you to a

One of your clients Moore Manufacturing has asked you to assist them in evaluating their performance against their budgets. The management of Moore Manufacturing has provided the following standard cost sheet for one of its products: Moore Manufacturing applies factory overhead based on direct labor hours and factory overhead is allocated based on a practical capacity of 500 units of product. The actual operating results for the year are as follows: Determine the following for the period: Flexible budget for variable overhead based on output for the period Total variable overhead applied to production during the period Total budgeted fixed factory overhead Total fixed factory overhead applied to production during the period Calculate the following variances using four-variance analysis: Total variable overhead variance Variable overhead spending variance Variable overhead efficiency variance Total under applied or over applied variable overhead Fixed overhead spending variance Production volume variance Total fixed overhead variance Total under applied or over applied fixed overhead Calculate the following variances using three-variance analysis: Factory overhead spending variance Factory overhead efficiency variance Production volume variance

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