all2 - Question 1 1 out of 1 points The variable overhead...

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Question 1 1 out of 1 points The variable overhead flexible-budget variance can be further subdivided into the: Selected Answer: spending variance and the efficiency variance Question 2 1 out of 1 points Answer the following questions using the information below: Production- Variances Spending Efficiency Volume Variable manufacturing overhead $ 4,500 F $15,000 U (B) Fixed manufacturing overhead $10,000 U (A) $40,000 U In a 2-variance analysis the flexible-budget variance and the production-volume variance should be ________, respectively. Selected Answer: $20,500 U; $40,000 U Question 3 1 out of 1 points The difference between budgeted fixed manufacturing overhead and the fixed manufacturing overhead allocated to actual output units achieved is called the fixed overhead: Selected Answer: production-volume variance Question 4 1 out of 1 points Answer the following questions using the information below: Production- Variances Spending Efficiency Volume Variable manufacturing overhead $ 4,500 F $15,000 U (B) Fixed manufacturing overhead $10,000 U (A) $40,000 U In a 1-variance analysis the total overhead variance should be: Selected Answer: $60,500 U Question 5 1 out of 1 points For variable manufacturing overhead, there is no: Selected Answer: production-volume variance Question 6 1 out of 1 points Answer the following questions using the information below: Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Actual Static Budget Production 25,000 units 24,000 units Chapter 8 Page 1
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Machine-hours 6,100 hours 6,000 hours Fixed overhead costs for March $123,000 $120,000 What is the amount of fixed overhead allocated to production? Selected Answer: $125,000 Question 7 1 out of 1 points The production-volume variance may also be referred to as the: Selected Answer: denominator-level variance Question 8 1 out of 1 points Answer the following questions using the information below: Shimon Corporation manufactures industrial-sized water coolers and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 15,000 units Budgeted machine-hours 5,000 hours Budgeted variable manufacturing overhead costs for 15,000 units $161,250 Actual output units produced 22,000 units Actual machine-hours used 7,200 hours Actual variable manufacturing overhead costs $242,000 Variable manufacturing overhead costs were ________ for actual output. Selected
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all2 - Question 1 1 out of 1 points The variable overhead...

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