You have just been hired as the new executive assistant to the manager of the Eastern Division of Global Manufacturing. You have been given the following incomplete records concerning manufacturing overhead for last year: 
The company uses a standard cost system in which manufacturing overhead costs are applied to products on the basis of standard direct labor-hours (DLHs).
Required:
a. Compute the variable overhead rate variance and indicate whether it was favorable or unfavorable.
b. Compute the fixed overhead volume variance and indicate whether it was favorable or unfavorable.
Definitions:
Total Direct Labor Cost Variance
The difference between the budgeted cost of direct labor for actual production and the actual cost incurred for direct labor.
Produced Units
The total number of units of a product that have been completed during a specific period, ready for sale or distribution.
Data Period
A defined span of time during which data is collected or observations are made.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, multiplied by the actual hours worked.
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