Score for this quiz:
out of 30
Submitted May 4 at 11:56am
This attempt took 11 minutes.
6 / 6 pts
(TCO 10) Which of the following statements is
about overhead cost variance analysis using activity-
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.
See Chapter 8.
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)
Fixed overhead (5 hours at $15 per direct manufacturing labor hour,