Assessment Tool iFrame 'ormation applies to the questions displayed below.$]$

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

Actual output

Actual variable overhead

Actual fixed overhead

Actual machine time

$8,000$ cases

$$420,000$

$$153,000$

$41,500$ machine hours

Standard cost and budget information for Marvelous Marshmallow Company follows:

Standard variable$-$overhead rate

Standard quantity of machine hours

Budgeted fixed overhead

Budgeted output

$$10\mathrm{.}00$ per machine hour

$5$ hours per case of marshmallows

$$150,000$ per month

$10,000$ cases per month

Required:

Use any of the methods explained in the chapter to compute the following variances.

Note: Indicate the effect of the first three variance by selecting "Favorable" or "Unfavorable". Select "None" and enter $"0"$ for no

effect $($i$.$e$.,$ zero variance$).$ Select "Positive" or "Negative" for the Fixed$-$overhead Volume variance.