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

Question

The following data are the actual results for Marvelous Marshmallow Company for August. Actual output 10,000 cases Actual variable overhead $ 403,000 Actual fixed overhead $ 113,000 Actual machine time 38,900 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: Standard variable-overhead rate $ 10.00 per machine hour Standard quantity of machine hours 3 hours per case of marshmallows Budgeted fixed overhead $ 108,000 per month Budgeted output 12,000 cases per month Required: 1. 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 "0" for no effect (i.e., zero variance).)

Explanation / Answer

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

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