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Crystal Glassware Company has the following standards and flexible-budget data. Standard variable-overhead rate Standard quantity of direct labor Budgeted fixed overhead Budgeted output $ 6.00 per direct-labor hour 3 hours per unit of output $120,000 20,000 units Actual results for April are as follows: 18,000 units Actual output Actual variable overhead$432,000 Actual fixed overhead Actual direct labor $115,000 65,000 hours Required Use the variance formulas 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).) 1. Variable-overhead spending variance 2. Variable-overhead efficiency variance 3. Fixed-overhead budget variance 4. Fixed-overhead volume variance The following data are the actual results for Marvelous Marshmallow Company for October. Actual output Actual variable overhead Actual fixed overhead Actual machine time 9,000 cases $411,000 $150,000 38,500 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 $ 10.00 per machine hour 4 hours per case of marshmallows $144,000 per month 12,000 cases per month Required: 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).) a. Variable-overhead spending variance b. Variable-overhead efficiency variance c. Fixed-overhead budget variance d. Fixed-overhead volume variance Evening Star, Inc. produces binoculars of two quality levels: field and professional. The field model requires seven direct-labor hours, while the professional binoculars require nine hours. The firm uses direct-labor hours for flexible budgeting Required How many standard hours are allowed in May, when 800 field models and 900 professional binoculars are manufactured? Total standard hours allowed

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