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11) What amounts are reported for revenues in the flexible-budget (A) and the static-budget (B), respectively? A) $164,320; $158,720B) $164,320; $169,920 C) $169,920; $177,920 D) $169,920; $166,720 Answer: B12) What are the actual variable costs (C)? B13. What is the total flexible-budget variance (D)? D14) What is the total sales-volume variance (E)? C15) What is the total static-budget variance? A) $10,400 favorable B) $6,640 favorable C) $3,760 unfavorable D) $3,760 favorable Answer: A16.The primary reason for high actual operating profits was: C
17.In a recent period 12,250 units were made and there was a favorable labor efficiency variance of $22,500. If 41,000 labor-hours were worked and the standard wage rate was $12 per labor-hour, the standard hours allowed per unit of output is closest to: 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 @ $12 per direct manufacturing labor hour)$ 60Fixed overhead (5 hours @ $15* per direct manufacturing labor hour) 75Total overhead per switch$135*Based on capacity of 200,000 direct manufacturing labor hours per month.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 $3,050,000.18.The variable overhead spending variance for December was
19.The variable manufacturing overhead efficiency variance for December wasa.$50,000 U.b.$350,000 U.c.$10,000 F.d.$60,000 F.Standard 46,000 switches ×5 DLH/switch=230,000Actual DLH225,000VOH Efficiency variance5,000 ×$12 = $60,000 F