Question : 11) What the budgeted variable manufacturing overhead cost per unit? A) : 1212166

 

11) What is the budgeted variable manufacturing overhead cost per unit?

A) $183.00 per unit

B) $178.89 per unit

C) $119.25 per unit

D) $122.00 per unit

 

12) The variable overhead flexible-budget variance can be further subdivided into the ________.

A) price variance and the efficiency variance

B) static-budget variance and sales-volume variance

C) spending variance and the efficiency variance

D) sales-volume variance and the spending variance

 

13) Teddy Company uses a standard cost system. In May, $234,000 of variable manufacturing overhead costs were incurred and the flexible-budget amount for the month was $240,000. Which of the following variable manufacturing overhead entries would have been recorded for May?

A) Accounts Payable Control and other accounts240,000

Work-in-Process Control240,000

B) Work-in-Process Control240,000

Variable Manufacturing Overhead Allocated240,000

C) Work-in-Process Control234,000

Accounts Payable Control and other accounts234,000

D) Accounts Payable Control and other accounts234,000

Variable Manufacturing Overhead Control234,000

14) The flexible budget enables to highlight the differences ________.

A) between actual costs and actual quantities versus budgeted costs and budgeted quantities for the actual output level

B) between budgeted costs and budgeted quantities versus actual costs and budgeted quantities for the budgeted output level

C) between budgeted costs and actual quantities versus budgeted costs and budgeted quantities for the actual output level

D) between actual costs and actual quantities versus budgeted costs and budgeted quantities for the budgeted output level

 

15) When machine-hours are used as an overhead cost-allocation base, the most likely cause of a favorable variable overhead spending variance is ________.

A) excessive machine breakdowns

B) the production scheduler efficiently scheduled jobs

C) a decline in the cost of energy

D) strengthened demand for the product

 

16) The variable overhead efficiency variance measures the difference between the ________, multiplied by the budgeted variable overhead cost per unit of the cost-allocation base.

A) budgeted quantity of the cost-allocation base used and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output

B) actual quantity of the cost-allocation base used and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output

C) actual cost incurred and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output

D) budgeted cost and the actual cost used to produce the actual output

 

17) When variable overhead efficiency variance is favorable, it can be safely assumed that the ________.

A) actual rate per unit of the cost-allocation base is higher than the budgeted rate

B) actual quantity of the cost-allocation base used is higher than the budgeted quantity

C) actual rate per unit of the cost-allocation base is lower than the budgeted rate

D) actual quantity of the cost-allocation base used is lower than the budgeted quantity

Answer the following questions using the information below:

 

Neocomfort Corporation manufactured 3,000 chairs during June. The following variable overhead data relates to June:

 

Budgeted variable overhead cost per unit$ 12.00

Actual variable manufacturing overhead cost$49,900

Flexible-budget amount for variable manufacturing overhead$47,800

Variable manufacturing overhead efficiency variance$720 unfavorable

 

18) What is the variable overhead flexible-budget variance?

A) $2,100 favorable

B) $1,380 favorable

C) $2,100 unfavorable

D) $1,380 unfavorable

 

19) What is the variable overhead spending variance?

A) $1,380 favorable

B) $2,820 favorable

C) $2,820 unfavorable

D) $1,380 unfavorable

Answer the following questions using the information below:

 

Ecocomfort Corporation manufactured 1,000 coolers during October. The following variable overhead data relates to October:

 

Variable overhead spending variance$1,230 Unfavorable

Variable overhead efficiency variance$175 Unfavorable

Budgeted machine hours allowed for actual output615 machine hours

Actual cost per machine hour$27

Budgeted cost per machine hour$25

 

20) Calculate the actual machine hours used by Stark during October.

A) 622 hours

B) 615 hours

C) 608 hours

D) 620 hours

 

 

 

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