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The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual variable overhead Actual fixed overhead Actual machine time Standard
The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual variable overhead Actual fixed overhead Actual machine time Standard variable-overhead rate Standard quantity of machine hours Budgeted fixed overhead Budgeted output 11,000 cases $ 400,000 $ 132,000 Standard cost and budget information for Marvelous Marshmallow Company follows: a. Variable-overhead spending variance b. Variable-overhead efficiency variance c Fixed-overhead budget variance d. Fixed-overhead volume variance 46,800 machine hours $ 8.00 per machine hour 4 hours per case of marshmallows $ 128,000 per month 16,000 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.
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