Gleason Company Has Developed the Following Standard Cost Data Based

Essay

Gleason Company has developed the following standard cost data based on 60,000 direct labor hours,which is 75% of capacity.Fixed overhead is $360,000 and variable overhead is $180,000 at this level of activity.
During the current period,the company operated at 80% of capacity and produced 128,000 units.Actual costs were:
Calculate the variable overhead spending and efficiency variance and the fixed overhead spending and volume variances.Indicate whether each is favorable or unfavorable.