Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 58

Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches
Gladys Company provided the following information:
Required:
1. Using the columnar approach, calculate the variable overhead spending and efficiency variances.
2. Using the formula approach, calculate the variable overhead spending variance.
3. Using the formula approach, calculate the variable overhead efficiency variance.
4. Calculate the total variable overhead variance.