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Calculating Variances*** FOR BUSINESS TUTOR***
Manal Elkhoshkhany, Bachelor's... 9,925 Satisfied Customers Finished my BA degree with a GPA of 4.0.
This answer was rated: H H H H H *** FOR BUSINESS TUTOR***
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This question will need you to calculate variances and determine if they are favorable or unfavorable. It can be downloaded from this link: http://www.mediafire.com/view/?id52gfu8c78gqrl
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The actual question is: The following data are the actual results for Marvelous Marshmallow Company for October. Actual output ................................................................................................................................ 9,000 cases Actual variable overhead
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................................................................................................................ $405,000 Actual fixed overhead ..................................................................................................................... $122,000 Actual machine time ...................................................................................................................... 40,500 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 overhead ............................................................................................... $120,000 per month Budgeted output ........................................................................................................... 10,000 cases per month Required: 1. Use any of the methods explained in the chapter to compute the following variances. Indicate whether each variance is favorable or unfavorable, where appropriate. a. Variable-overhead spending variance. b. Variable-overhead efficiency variance. c. Fixed-overhead budget variance. d. Fixed-overhead volume variance. 2. Build a spreadsheet: Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: actual output was 9,100 cases, and actual variable overhead was $395,000. Can you do this in Excel? Would it be possible to complete it by tomorrow Afternoon?
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Answered in 2 hours by:
2/19/2013
Business Tutor: Manal Elkhoshkhany Got it :) Ask Your Own Single Problem Question
Business Tutor: Manal Elkhoshkhany Hello There is another post I saw. Here is the link: http://www.justanswer.com/business-finance-homework/7kprsbusiness-accounting-question.html I can answer this one as well, but please address it to me and move it under the "Single Question" category Thank you Ask Your Own Single Problem Question
that is a duplicate post. I only have 2 questions right bow. Did you get both?
Business Tutor: Manal Elkhoshkhany Yes. Thank you :) I have closed the duplicate post as well :) Ask Your Own Single Problem Question
thank you
Business Tutor: Manal Elkhoshkhany You are welcome :) Almost done with the other question :) Ask Your Own Single Problem Question
I am done. If you have any questions, please do not hesitate to ask; if all is clear, please rate the solution as experts do not get paid unless you rate the solution. Please click on the following link to download the solution: https://www.box.com/s/jsqtdqfp7nizpjaco0sd Regards,
Manal Elkhoshkhany, Bachelor's Degree Category: Single Problem Satisfied Customers: 9,925 Experience: Finished my BA degree with a GPA of 4.0. Verified
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I received a message stating that a refund was sent to me from one of your answers. I did not request that. I want to make sure that it was just the duplicate that you closed. Were you paid for both recent questions from me? Please let me know. I want to make sure you receive the correct payment for the answers.
Business Tutor: Manal Elkhoshkhany Hello Thank you for your concern. I am not sure if someone has issued a refund as I believe the payments are adjusted at month end. I will contact management and get back to you Ask Your Own Single Problem Question
Sounds good. I also just uploaded a new question (multiple questions) for you.
Business Tutor: Manal Elkhoshkhany Sure. Will check it out right away Ask Your Own Single Problem Question
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