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Variable overhead is applied based on standard direct labor

Question - The following data reflect the current month's activity for Sills, Inc

Actual total direct labor...............5460000

Actual hours worked.....................26,000

Standard labor hours allowed (flexible budget......27000

Direct labor price variance.............19500 U

Actual variable overhead................132,600

Standard variable overhead rate per standard direct labor hour............5.25

Variable overhead is applied based on standard direct labor hours allowed.

Required: Compute the labor and variable overhead price and efficiency variances?

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Accounting Basics: Variable overhead is applied based on standard direct labor

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Accounting Basics: Variable overhead is applied based on standard direct labor

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