Sharp Company Manufactures Jeans Calculate the Following Variances:
A

Sharp Company manufactures jeans. In June, Sharp made 1200 pairs of jeans, but had budgeted production at 1400 pairs of jeans. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month:
$$\begin{array} { | l | r | } \hline \text { Variable overhead cost standard } & \$ 0.60 \text { per DLHr } \\\hline \text { Direct labor efficiency standard } & 2.00 \text { DLHr per jean } \\\hline \text { Actual amount of direct labor hours } & 2,520 \text { DLHr } \\\hline \text { Actual cost of variable overhead } & \$ 1,512 \\\hline \text { Fixed overhead cost standard } & \$ 0.25 \text { per DLHr } \\\hline \text { Budgeted fixed overhead } & \$ 700 \\\hline \text { Actual cost of fixed overhead } & \$ 750 \\\hline\end{array}$$ Calculate the following variances:
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