Week 1 Quiz - 1 Question(TCO 10 Which of the following...

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1.Question :(TCO 10) Which of the following statements istrue about overhead costvariance analysis using activity-based costing?Student Answer:Overhead cost variances are calculated for output-unit level costs only.Overhead cost variances are calculated for variable manufacturing overhead costs only.A 4-variance analysis can be conducted.Activity-based costing uses input measures for all activities, resulting in the inability to do flexible budgets needed for variance analysis.
Instructor Explanation:See Chapter 8.Points Received:6 of 6 Comments:Question 2.Question :(TCO 10) Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor hours and are shown below: Variable overhead (5 hours at $12 per direct manufacturing labor hour) Fixed overhead (5 hours at $15 per direct manufacturing labor hour,$

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