Question : 21) Actual overhead $700,000, while budgeted overhead $598,000. What the : 1186344

 

21) Actual overhead is $700,000, while budgeted overhead is $598,000. What is the fixed overhead static-budget variance if 250,000 units are produced and 225,000 are budgeted?

A) $80,000 favourable

B) $100,000 unfavourable

C) $100,000 favourable

D) $102,000 unfavourable

E) $102,000 favourable

 

22) In flexible budgets, costs that remain the same regardless of the output levels within the relevant range are

A) allocated costs.

B) budgeted costs.

C) fixed costs.

D) variable costs.

E) estimated costs.

23) Davis Company produced 20,000 cases of beer. Machinery usage is 1.5 hours per case. Budget outputs are 22,000 cases. What are the required static budget machine hour inputs and flexible budget machine hour inputs, respectively?

A) 30,000 Machine hours, 33,000 Machine hours

B) 33,000 Machine hours, 30,000 Machine hours

C) 39,000 Machine hours, 34,000 Machine hours

D) 34,000 Machine hours, 39,000 Machine hours

E) 39,000 Machine hours, 33,000 Machine hours

 

24) Regal Company uses a single cost pool for fixed manufacturing overhead. The amount for June 2012 was budgeted at $500,000; however, the actual amount was $700,000. Actual production for June was 12,500 units, and actual machine hours were 10,000. Budgeted production included 17,750 units and 12,375 machine hours.

What is the budgeted fixed overhead rate per output unit?

A) $28.17 per unit

B) $39.44 per unit

C) $40.40 per unit

D) $56.56 per unit

E) $65.17 per unit

 

25) Regal Company uses a single cost pool for fixed manufacturing overhead. The amount for June 2012 was budgeted at $500,000; however, the actual amount was $700,000. Actual production for June was 12,500 units, and actual machine hours were 10,000. Budgeted production included 17,750 units and 12,375 machine hours.

What is the budgeted fixed overhead rate per machine hour?

A) $28.17 per machine hour

B) $39.44 per machine hour

C) $40.40 per machine hour

D) $56.56 per machine hour

E) $65.17 per machine hour

26) Which of the following statements is true?

A) The fixed manufacturing sales-volume variance is rarely zero.

B) The difference between the allocated and the budgeted overhead is the production-volume variance.

C) The production-volume variance arises for both fixed and variable costs.

D) The fixed manufacturing overhead sales-volume variance can be written-off to cost of goods sold.

E) The production-volume variance arises only for variable costs.

 

27) Leek Company predicted that the fixed overhead would be $200,000 in April 20X1. Production amounted to 60,000 actual and 50,000 budgeted decks of cards. Each deck takes approximately 0.20 machine hours to produce. The actual overhead costs per machine hour are $25. What is the production-volume overhead variance?

A) $40,000 unfavourable

B) $40,000 favourable

C) $150,000 unfavourable

D) $150,000 favourable

E) $0

 

28) Budgeted output for DuCane Small Engines Inc. was 20,000 engines during February 2012. Budgeted fixed overhead per output unit was $2.50, and 30,000 engines were actually produced. Actual fixed overhead was allocated at $3.00 per engine. What is the production-volume overhead variance?

A) $33,500 favourable

B) $25,000 unfavourable

C) $30,000 favourable

D) $30,000 unfavourable

E) $25,000 favourable

29) In variance analysis, fixed manufacturing overhead will have

A) an efficiency variance.

B) a flexible-budget variance.

C) a rate variance.

D) a static-budget variance.

E) no variance, because it is fixed.

 

30) The difference between budgeted fixed manufacturing overhead and the fixed manufacturing overhead allocated to actual output units achieved is called

A) an efficiency variance.

B) a flexible-budget variance.

C) a manufacturing overhead flexible-budget variance.

D) a production-volume overhead variance.

E) an unallocated variable cost.

 

 

 

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