Under the 2 variance method the flexible budget

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Under the 2-variance method, the flexible-budget variance for December wasStudent Answer:$10,000 F$40,000 U$50,000 U$100,000 UInstructor Explanation:50,000 U – 60,000 F + 50,000 U = 40,000 U.
Points Received:6 of 6 Comments:-723537307MultipleChoice10True
Question 5.Question :(TCO 10) If variable overhead is underallocated, this means the flexible-budget variance for variableoverhead is unfavorable.
Answer:
Instructor Explanation:See Chapter 8.Points Received:6 of 6 Points Received:30 / 30 (100%) Question Type:# Of Questions:0-723537307MultipleChoice10
# Correct:True/False1 1 Multiple Choice4 4 Grade Details - All Questions
Question 1. Question : (TCO 10) In selecting a cost allocation base for variable overhead, what criteria for the base is preferred?
Instructor Explanation: See Chapter 8.
Points Received: 6 of 6 Comments: Question 2. Question : (TCO 10) Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor hours and are shown below:Variable overhead (5 hours at $12 per direct manufacturing labor hour) $ 60
Fixed overhead (5 hours at $15 per direct manufacturing labor hour,based on capacity of 200,000 direct manufacturing labor hours per month) 75 Total overhead per switch $ 135 The following information is available for the month of December: •46,000 switches were produced, although 40,000 switches were scheduled to be produced. •225,000 direct manufacturing labor hours were worked at a total cost of $5,625,000. •Variable manufacturing overhead costs were $2,750,000. •Fixed manufacturing overhead costs were $3,050,000. The total variable manufacturing overhead variance was
Points Received: 6 of 6 Comments:

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