Test 2 - 1 ca12h 7-91(Points 3.0 A favorable efficiency...

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Unformatted text preview: 1 . ca12h 7-91 (Points: 3.0) A favorable efficiency variance for direct manufacturing labor indicates that: a. more direct manufacturing labor-hours were used during production than planned for actual output b. less direct manufacturing labor-hours were used during production than planned for actual output c. a lower wage rate than planned was paid for direct labor d. a higher wage rate than planned was paid for direct labor 2 . ca12h 8-88 (Points: 3.0) Answer the following questions using the information below: Jenny's Corporation manufactured 25,000 grooming kits for horses during March. Jenny's Corp. budgets 0.25 mechine hours per unit and a fixed overhead rate of $20 per machine hour. The following fixed overhead data pertain to March: Production Actual 25,000 units Static Bud. 24,000 units Machine-hours Actual 6,100 hours Static Bud. 6,000 hours Fixed overhead costs for March Actual $123,000 Static Bud. $120,000 What is the fixed overhead spending variance? a. $1,000 unfavorable b. $3,000 unfavorable c. $2,000 favorable d. $5,000 favorable 3. ca12h 8-87 (Points: 3.0) Answer the following questions using the information below: Jenny's Corporation manufactured 25,000 grooming kits for horses during March. Jenny's Corp. budgets 0.25 mechine hours per unit and a fixed overhead rate of $20 per machine hour. The following fixed overhead data pertain to March: Production Actual 25,000 units Static Bud. 24,000 units Machine-hours Actual 6,100 hours Static Bud. 6,000 hours Fixed overhead costs for March Actual $123,000 Static Bud. $120,000 What is the amount of fixed overhead allocated to production? a. $120,000 b. $122,000 c. $123,000 d. $125,000 4 . ca12h 8-89 (Points: 3.0) Answer the following questions using the information below: Jenny's Corporation manufactured 25,000 grooming kits for horses during March. Jenny's Corp. budgets 0.25 mechine hours per unit and a fixed overhead rate of $20 per machine hour. The following fixed overhead data pertain to March: Production Actual 25,000 units Static Bud. 24,000 units Machine-hours Actual 6,100 hours Static Bud. 6,000 hours Fixed overhead costs for March Actual $123,000 Static Bud. $120,000 What is the fixed overhead production-volume variance? a. $1,000 unfavorable b. $2,000 favorable c. $5,000 favorable d. $3,000 unfavorable 5 . ca12h 8-86 (Points: 3.0) Answer the following questions using the information below: Jenny's Corporation manufactured 25,000 grooming kits for horses during March. Jenny's Corp. budgets 0.25 mechine hours per unit and a fixed overhead rate of $20 per machine hour. The following fixed overhead data pertain to March: Production Actual 25,000 units Static Bud. 24,000 units Machine-hours Actual 6,100 hours Static Bud. 6,000 hours Fixed overhead costs for March Actual $123,000 Static Bud. $120,000 What is the flexible-budget amount?...
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Test 2 - 1 ca12h 7-91(Points 3.0 A favorable efficiency...

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