The following data are the actual results for Marvelous Marshmallow Company for August.

Standard cost and budget information for Marvelous Marshmallow Company follows:

Required: 

Use any of the methods explained in the chapter to compute the following variances. Indicate whether each variance is favorable or unfavorable, where appropriate.
1. Variable-overhead spending variance.
2. Variable-overhead efficiency variance.
3. Fixed-overhead budget variance.
4. Fixed-overhead volume variance.

Transcribed Image Text:

Actual output Actual variable overhead. Actual fixed overhead Actual machine time. 13,500 cases $607,500 $183,000 60,750 machine hours