The following information is available for Marigold’s Hot Dogs: Actual production 11,760 packages Budgeted production 12,500 packages Standard direct labor hours 1.6 direct labor hours per package Actual direct labor hours 19,887 Standard variable overhead rate $2 per direct labor hour Actual variable overhead costs $32,314 Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Variable overhead spending variance $enter the variable overhead spending variance in dollars select an option Variable overhead efficiency variance $enter the variable overhead efficiency variance in dollars

The following information is available for Marigold’s Hot Dogs: Actual production 11,760 packages Budgeted production 12,500 packages Standard direct labor hours 1.6 direct labor hours per package Actual direct labor hours 19,887 Standard variable overhead rate $2 per direct labor hour Actual variable overhead costs $32,314 Calculate the variable overhead spending and efficiency variances. (Round answers to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Variable overhead spending variance $enter the variable overhead spending variance in dollars select an option Variable overhead efficiency variance $enter the variable overhead efficiency variance in dollars

Name: The following information is available for Marigold’s Hot Dogs:Actual
Uploaded: 2024-03-20T06:33:06.000Z
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Description: The following information is available for Marigold’s Hot Dogs:Actual production 11,760packagesBudgeted production 12,500packagesStandard direct labor hours 1.6direct labor hours per packageActual direct labor hours 19,887 Standard variable overhead

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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Variable overhead spending variance		$enter the variable overhead spending variance in dollars	select an option
Variable overhead efficiency variance		$enter the variable overhead efficiency variance in dollars	select an option

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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 $ $
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Actual production	11,760	packages
Budgeted production	12,500	packages
Standard direct labor hours	1.6	direct labor hours per package
Actual direct labor hours	19,887
Standard variable overhead rate	$2	per direct labor hour
Actual variable overhead costs	$32,314