Accounting Assignment | College Homework Help

4) Sharp Company manufactures jeans. In June, Sharp made 1500 pairs of jeans, but had budgeted production at 1700 pairs of jeans. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month: Variable overhead cost standard $0.55 per DLHI Direct labor efficiency standard 2.00 DLHr per jean Actual amount of direct labor hours 2,600 DLHI Actual cost of variable overhead $1,600 Fixed overhead cost standard $0.25 per DLHI Budgeted fixed overhead $900 Actual cost of fixed overhead $800 Calculate the following variances: (Show Calculation for full credit) 30pts a. Variable overhead cost variance b. Variable overhead efficiency variance c. Total variable overhead variance d. Fixed overhead cost variance e. Fixed overhead volume variance f. Total fixed overhead variance