Week1_Quiz_ACCT349.docx - Score for this quiz 30 out of 30...

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Score for this quiz: 30 out of 30 Submitted May 4 at 11:56am This attempt took 11 minutes. Question 1 6 / 6 pts (TCO 10) Which of the following statements is true about overhead cost variance analysis using activity- based costing? Overhead cost variances are calculated for output-unit level costs only. Overhead cost variances are calculated for variable manufacturing overhead costs only. Correct! 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.
See Chapter 8. Question 2 6 / 6 pts (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) $ 60 Fixed overhead (5 hours at $15 per direct manufacturing labor hour,

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