Quiz 8.docx - 1 The following information pertains to the...

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1. The following information pertains to the Braun Company for March: Standard direct labor hours per unit .5 hours Budgeted production level 20,000 units Actual units produced 22,000 units Standard variable rate per direct labor hour $2.00 Standard fixed rate per direct labor hour $3.00 Actual direct labor hours worked 10,500 hours Actual direct labor costs $150,000 Actual fixed factory overhead 31,800 Actual variable factory overhead 22,200 2. Using the four-variance method of factory overhead variance analysis, what is the fixed overhead spending variance? a . $1,800 unfavorable b . $1,200 unfavorable c . $1,200 favorable d . $3,000 favorable 10 points QUESTION 2 1. In a four-variance method analyzing factory overhead, the who buys variable factory overhead efficiency variance measures: a . The difference between actual and applied variable factory overhead. b . The effect of differences in the actual variable factory overhead rate and the standard variable factory overhead rate. c . The difference between actual variable factory overhead and budgeted variable factory overhead. d . The difference in the actual hours incurred and standard hours allowed for a given level of production. 10 points QUESTION 3 1. Underapplied factory overhead would result if: a . Factory overhead costs incurred were greater than standard costs charged to production. b . Factory overhead costs incurred were unreasonably large in relation to units produced. c . The plant was operated at less than normal capacity. d . Factory overhead costs incurred were less than standard costs charged to production. 10 points QUESTION 4
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1. The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of factory overhead: Actual hours used 16,500 Standard hours allowed for good output 16,250 Actual total overhead $53,200 Budgeted fixed costs $12,000
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