The following data are the actual results for Marvelous Marshmallow Company for October. Actual output 8,000...

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The following data are the actual results for Marvelous Marshmallow Company for October. Actual output 8,000 cases Actual variable overhead Actual fixed overhead Actual machine time 41,500 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: $ 10.00 per machine hour Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead 5 hours per case of marshmallows $150,000 per month Budgeted output 10,000 cases per month Required: Use any of the methods explained in the chapter to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) a. Variable-overhead spending variance b. Variable-overhead efficiency variance c. Fixed-overhead budget variance d. Fixed-overhead volume variance $420,000 $153,000 The following data are the actual results for Marvelous Marshmallow Company for October. Actual output 8,000 cases Actual variable overhead Actual fixed overhead Actual machine time 41,500 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: $ 10.00 per machine hour Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead 5 hours per case of marshmallows $150,000 per month Budgeted output 10,000 cases per month Required: Use any of the methods explained in the chapter to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) a. Variable-overhead spending variance b. Variable-overhead efficiency variance c. Fixed-overhead budget variance d. Fixed-overhead volume variance $420,000 $153,000 The following data are the actual results for Marvelous Marshmallow Company for October. Actual output 8,000 cases Actual variable overhead Actual fixed overhead Actual machine time 41,500 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: $ 10.00 per machine hour Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead 5 hours per case of marshmallows $150,000 per month Budgeted output 10,000 cases per month Required: Use any of the methods explained in the chapter to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) a. Variable-overhead spending variance b. Variable-overhead efficiency variance c. Fixed-overhead budget variance d. Fixed-overhead volume variance $420,000 $153,000 The following data are the actual results for Marvelous Marshmallow Company for October. Actual output 8,000 cases Actual variable overhead Actual fixed overhead Actual machine time 41,500 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: $ 10.00 per machine hour Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead 5 hours per case of marshmallows $150,000 per month Budgeted output 10,000 cases per month Required: Use any of the methods explained in the chapter to compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) a. Variable-overhead spending variance b. Variable-overhead efficiency variance c. Fixed-overhead budget variance d. Fixed-overhead volume variance $420,000 $153,000

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