Davidson corporation manufactured 52400 units during

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Chapter 22 / Exercise 22-3
Accounting Using Excel for Success
Reeve/Warren
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10) Davidson Corporation manufactured 52,400 units during September. The following fixed overhead data relates to September:ActualStatic BudgetProduction52,400 units52,000 unitsMachine-hours2,485 hours2,600 hoursFixed overhead costs for September$108,900$109,200What is the flexible-budget amount? A) $108,900B) $110,040C) $109,200D) $52,400Answer: Explanation: $160,080, the same lump sum as the static budget
C
Diff: 2Objective: 4AACSB: Application of knowledge11) Davidson Corporation manufactured 58,500 units during September. The following fixed overhead data relates to September:ActualStatic BudgetProduction58,500 units58,000 unitsMachine-hours3,320 hours3,480 hoursFixed overhead costs for September$170,220$170,520What is the amount of fixed overhead allocated to production?
A
Diff: 3Objective: 4AACSB: Application of knowledge
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Accounting Using Excel for Success
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Chapter 22 / Exercise 22-3
Accounting Using Excel for Success
Reeve/Warren
Expert Verified
12) Davidson Corporation manufactured 53,400 units during September. The following fixed overhead data relates to September:ActualStatic BudgetProduction53,400 units53,000 unitsMachine-hours1,960 hours2,120 hoursFixed overhead costs for September$86,520$86,920What is the fixed overhead spending variance?
BDiff: 2Objective: 4AACSB: Application of knowledge13) Hockey Accessories Corporation manufactured 22,400 duffle bags during March. The following fixed overhead data pertain to March:ActualStatic BudgetProduction22,400 units23,000 unitsMachine-hours10,450 hours11,500 hoursFixed overhead cost for March$451,700$460,000What is the flexible-budget amount?
C
Diff: 2Objective: 4AACSB: Application of knowledge
14) Hockey Accessories Corporation manufactured 23,000 duffle bags during March. The following fixed overhead data pertain to March:ActualStatic BudgetProduction23,000 units23,500 unitsMachine-hours13,100 hours14,100 hoursFixed overhead cost for March$626,100$634,500What is the amount of fixed overhead allocated to production? A) $621,000B) $634,500C) $639,711D) $612,779Answer: Explanation: Fixed overhead cost per machine hour = $634,500 ÷ 14,100 = $45Machine hours per unit = 14,100 ÷ 23,500 = 0.6Fixed overhead cost per unit = $45 × 0.6 = $27.00Fixed overhead allocated = 23,000 × $27.00 = $621,000
A
Diff: 3Objective: 4AACSB: Application of knowledge

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