The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor...

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The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual variable overhead costs 11,760 packages 12,500 packages 1.6 Variable overhead spending variance 19,887 $32,314 Variable overhead efficiency variance $2 per direct labor hour Calculate the variable overhead spending and efficiency variances. (Round answers to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) direct labor hours per package $ $ 6,220 4162 Favorable Unfavorable The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual variable overhead costs 11,760 packages 12,500 packages 1.6 Variable overhead spending variance 19,887 $32,314 Variable overhead efficiency variance $2 per direct labor hour Calculate the variable overhead spending and efficiency variances. (Round answers to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) direct labor hours per package $ $ 6,220 4162 Favorable Unfavorable The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual variable overhead costs 11,760 packages 12,500 packages 1.6 Variable overhead spending variance 19,887 $32,314 Variable overhead efficiency variance $2 per direct labor hour Calculate the variable overhead spending and efficiency variances. (Round answers to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter O for the amounts.) direct labor hours per package $ $ 6,220 4162 Favorable Unfavorable

Answer rating: 100% (QA)

To calculate the variable overhead variances we need to calculate both the spending and efficiency variances The information needed for the calculations is given in the question Lets define the terms ... View the full answer