Three budgeting questions | Accounting homework help
Exercise 1 The following data are the actual results for Marvelous Marshmallow Company for August. Actual output ………………………………………………………………………………………………….13,500 cases Actual variable overhead …………………………………………………………………………. $607,500 Actual fixed overhead ……………………………………………………………………………… $183,000 Actual machine time ………………………………………………………………………….60,750 machine hours Standard cost and budget information for Marvelous Marshmallow Company follows: Standard variable-overhead rate………………………………………… 9.00 per machine hour Standard quantity of machine hours …………………………………..4 hours per case of marshmallows Budgeted fixed […]