Manufacturing Overhead Data for the Production of Product B by North

Essay

Manufacturing overhead data for the production of Product B by North Bank Inc. are as follows. $\begin{array}{l}\text { Overhead incurred for } 69,000 \text { actual direct labor hours worked }&\$06,000 \\\text { Overhead rate (variable } \$ 2.00 \text {; fixed } \$ 1.00 \text { ) at normal capacity of } \\\quad 72,000 \text { direct labor hours }&\$3.00\\\text { Standard hours allowed for work done }&69,000\end{array}$ Instructions
Compute the controllable and volume overhead variances.