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 $ LA

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 $ LA

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Description: The following information is available for Marigold's Hot Dogs:Actual productionBudgeted productionStandard direct labor hoursActual direct labor hoursStandard variable overhead rateActual variable overhead costs11,760 packages12,500 packages1.6Vari

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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