PracticeExam4Bus21.pdf

PracticeExam4Bus21.pdf - Managerial Accounting Practice...

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Managerial Accounting Practice Exam 4 Chapters 10.12.13 1. When filed manufacturing overhead cost is applied to work in process, it is treated as if it were a_l'ariable cost. @ False 2. When using a flexible budget, a decrease in activity within the relevant range: A. decreases variable cost per unit. .B)decreasestotalcosts. ',, .) . \ ,,, \, C. increases total fixed costs - 'i \ D. increases variable cost per unit. 3. The fixed manufacturing overhead budget variance equals: A. Actual fixed manufacturing overhead cost - Applied fixed manufacturing overhead cost. (D AqAAI fixed manufacturing overhead cost - P"qgglgd fixed manufacturing overhead cost. C. Budgeted fixed manufacturing overhead cost - Applied fixed manufacturing overhead cost. D. Actual fixed manufacturing overhead cost - (Actual hours x Standard fixed overhead rate). 4. The manufacturing overhead variance that is a measure of capacity utilization is: A. the overhead spending variance. B. the overhead efficiency variance. L the overhead budget variance. f't +L^ ^,'--l^^^J,,^1,,-^,'-;^-^^ v. .rl! V t vllrvuu vVlurrv vollsltv!. 5. Rodabaugh Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of activity w'as 15.900 skeins and the actual level of activity was 16,100 skeins. The company's owner budgets for dye costs, a variable overhead cost, at $0.87 per skein. The actual dye cost last month u'as $14,800. In the company's fiexible budget performance report for last month, what w-ould have been the \.- '{:-:- ' '\' ;riri \'i' ' \':\'?) "t. @ szq: u 6. Hermansen Corporation produces large commercial doors for warehouses and other facilities. In the most recent month, the company budgeted production of 5,100 doors. Actual production was 5,400 doors. According to standards. each door requires 3.8 machine-hours. The actual machine-hours for the month were 20,880 machine-hours. The budgeted supplies cost is $7.90 per machine-hour. The actual supplies cost
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This note was uploaded on 09/08/2010 for the course BUS 21 at San Jose State.

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PracticeExam4Bus21.pdf - Managerial Accounting Practice...

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