Quiz 3.1 - Question 1 1 out of 1 points A nonfinancial...

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Unformatted text preview: Question 1 1 out of 1 points A nonfinancial measure of performance evaluation is: Answer Selected Answer: Question 2 1 out of 1 points When machine-hours are used as an overhead cost-allocation base and the unexpected purchase of a new machine results in fewer expenditures for machine maintenance, the MOST likely result would be to report a(n): Answer Selected Answer: Question 3 1 out of 1 points Alvarado Company made the following journal entry: DrVariable Manufacturing Overhead Allocated 100,000 DrVariable Manufacturing Overhead Efficiency Variance 30,000 CrVariable Manufacturing Overhead Control 125,000 CrVariable Manufacturing Overhead Spending Variance 5,000 Answer Selected Answer: Question 4 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 What is the budgeted variable overhead cost rate per output unit? Answer Selected Answer: Question 5 1 out of 1 points For variable manufacturing overhead, there is no: Answer Selected Answer: Question 6 1 out of 1 points Brandon's Basketball Manufacturing Company reported: Actual fixed overhead $1,000,000 Fixed manufacturing overhead spending variance $60,000 unfavourable Fixed manufacturing production-volume variance $40,000 unfavourable To isolate these variances at the end of the accounting period, Brandon would:...
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This note was uploaded on 04/19/2010 for the course ACCOUNTING BS40 taught by Professor Kate during the Spring '10 term at University of Paris III: Sorbonne Nouvelle.

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Quiz 3.1 - Question 1 1 out of 1 points A nonfinancial...

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