Question : Objective 8.3 1) The variable overhead spending variance measures the difference : 1212165

 

Objective 8.3

 

1) The variable overhead spending variance measures the difference between ________, multiplied by the actual quantity of variable overhead cost-allocation base used.

A) the actual variable overhead cost per unit and the budgeted variable overhead cost per unit

B) the standard variable overhead cost rate and the budgeted variable overhead cost rate

C) the actual variable overhead cost per unit and the budgeted fixed overhead cost per unit

D) the actual quantity per unit and the budgeted quantity per unit

 

2) A $5,000 unfavorable flexible-budget variance indicates that ________.

A) the flexible-budget amount exceeded actual variable manufacturing overhead by $5,000

B) the actual variable manufacturing overhead exceeded the flexible-budget amount by $5,000

C) the flexible-budget amount exceeded standard variable manufacturing overhead by $5,000

D) the standard variable manufacturing overhead exceeded the flexible-budget amount by $5,000

Use the following information to answer the following questions:

 

Autogas Corporation manufactures industrial-sized gas furnaces and uses budgeted machine hours to allocate variable manufacturing overhead. The following information relates to the company’s manufacturing overhead data:

 

Budgeted output units31,000 units

Budgeted machine-hours16,585 hours

Budgeted variable manufacturing overhead costs for 16,585 hours$348,285

 

Actual output units produced33,000 units

Actual machine-hours used14,400 hours

Actual variable manufacturing overhead costs$384,000

 

3) What is the flexible-budget amount for variable manufacturing overhead?

A) $348,750

B) $370,755

C) $384,000

D) $360,727

 

4) What is the flexible-budget variance for variable manufacturing overhead?

A) $13,245 unfavorable

B) $35,715 unfavorable

C) $13,245 favorable

D) $35,715 favorable

5) What is the amount of the budgeted variable manufacturing overhead cost per unit?

A) $11.745

B) $10.570

C) $11.235

D) $11.636

 

Use the following information to answer the questions below:

 

Baseballic Corporation manufactures baseball uniforms and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information relates to the company’s manufacturing overhead data:

 

Budgeted output units11,250 units

Budgeted machine-hours22,500 hours

Budgeted variable manufacturing overhead costs for 22,500 hours$213,750

 

Actual output units produced11,500 units

Actual machine-hours used22,000 hours

Actual variable manufacturing overhead costs$225,000

 

6) What is the flexible-budget amount for variable manufacturing overhead?

A) $225,000

B) $218,500

C) $213,750

D) $221,750

7) What is the flexible-budget variance for variable manufacturing overhead?

A) $6,500 unfavorable 

B) $6,500 favorable

C) $11,250 unfavorable

D) $11,250 favorable

 

8) What is the amount of the budgeted variable manufacturing overhead cost per unit?

A) $9.50 per unit

B) $18.58 per unit

C) $19.00 per unit

D) $19.56 per unit

Use the following information to answer the questions below:

 

Mynarc Corporation produces fertilizer and distributes the product by using his tanker trucks. Mynarc

uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company’s manufacturing overhead data:

 

Budgeted output units675 truckloads

Budgeted fleet hours540 hours

Budgeted variable manufacturing overhead costs for 675 loads$82,350

 

Actual output units produced and delivered630 truckloads

Actual fleet hours436 hours

Actual variable manufacturing overhead costs$77,490

 

9) What is the flexible-budget amount for variable manufacturing overhead?

A) $83,025

B) $82,350

C) $76,860

D) $77,490

 

10) What is the flexible-budget variance for variable manufacturing overhead? 

A) $4,860 favorable

B) $4,860 unfavorable

C) $630 favorable

D) $630 unfavorable

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more