overhead variances missing information dvent budgets 18 000 ma 362508

Overhead variances, missing information. Dvent budgets 18,000 machine hours for the product of computer chips in August 2009. The budgeted variable overhead rate is $6 per machine hour. At the end of August, there is a $375 favorable spending variance for variable overhead and a $1,575 unfavorable spending variance for fixed overhead. For the computer chips produced, 14,850 machine hours are budgeted and 15,000 machine hours are actually used. Total actual overhead costs are $120,000.

1. Compute efficiency and flexible budget variances for Dvent’s variable overhead in August 2009. W variable overhead be over or underallocated by how much?

2. Compute production volume and flexible budget variances for Dvent’s fixed overhead in August 2009. Will fixed overhead be over or underallocated by how much?