Question: PR 1 1 - 4 9 ( Algo ) Complete Analysis of Cost Variances; Review of Chapters 1 0 and 1 1 ( LO 1

PR Algo Complete Analysis of Cost Variances; Review of Chapters and LO
Chillco Corporation produces containers of frozen food. During April, Chillco produced cases of food and incurred the following
actual costs.
Overhead is budgeted and applied using directlabor hours in a standard costing system. Standard cost and annual budget
information are as follows:
Required:
Compute the following cost variances from the available data.
Note: Indicate the effect of most variances by selecting "Favorable" or "Unfavorable". Select "Positive" or "Negative" for the Fixed
Overhead Volume Variance. Select "None" and enter for no effect ie zero variance Round your answers to the nearest
whole dollar.
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