Question : 121. The unfavorable volume variance may be due to all but : 1233880

 

121. The unfavorable volume variance may be due to all but the following factors: A. failure to maintain an even flow of workB. machine breakdownsC. unexpected increases in the cost of utilitiesD. failure to obtain enough sales orders

122. Favorable volume variances may be harmful when: A. machine repairs cause work stoppagesB. supervisors fail to maintain an even flow of workC. production in excess of normal capacity cannot be soldD. there are insufficient sales orders to keep the factory operating at normal capacity

123. The following data is given for the Walker Company: 

Budgeted production1,000 units

Actual production   980 units

Materials: 

  Standard price per lb$2.00

  Standard pounds per completed unit12

  Actual pounds purchased and used in production11,800

  Actual price paid for materials$23,000

Labor: 

  Standard hourly labor rate$14 per hour

  Standard hours allowed per completed unit4.5

  Actual labor hours worked4,560

  Actual total labor costs$62,928

Overhead: 

  Actual and budgeted fixed overhead$27,000

  Standard variable overhead rate$3.50 per standard direct labor hour

  Actual variable overhead costs$15,500

  Overhead is applied on standard labor hours.The factory overhead controllable variance is: A. 65UB. 65FC. 540UD. 540F

124. The following data is given for the Walker Company: 

Budgeted production1,000 units

Actual production   980 units

Materials: 

  Standard price per lb$2.00

  Standard pounds per completed unit12

  Actual pounds purchased and used in production11,800

  Actual price paid for materials$23,000

Labor: 

  Standard hourly labor rate$14 per hour

  Standard hours allowed per completed unit4.5

  Actual labor hours worked4,560

  Actual total labor costs$62,928

Overhead: 

  Actual and budgeted fixed overhead$27,000

  Standard variable overhead rate$3.50 per standard labor hour

  Actual variable overhead costs$15,500

  Overhead is applied on standard labor hours.The factory overhead volume variance is: A. 65UB. 65FC. 540UD. 540F

125. The following data is given for the Walker Company: 

Budgeted production26,000 units

Actual production27,500 units

Materials: 

  Standard price per ounce$6.50

  Standard ounces per completed unit8

  Actual ounces purchased and used in production228,000

  Actual price paid for materials$1,504,800

Labor: 

  Standard hourly labor rate$22 per hour

  Standard hours allowed per completed unit6.6

  Actual labor hours worked183,000

  Actual total labor costs$4,020,000

Overhead: 

  Actual and budgeted fixed overhead$1,029,600

  Standard variable overhead rate$24.50 per standard labor hour

  Actual variable overhead costs$4,520,000

  Overhead is applied on standard labor hours. The factory overhead controllable variance is: A. 73,250FB. 73,250UC. 59,400FD. 59,400U

126. The following data is given for the Walker Company: 

Budgeted production26,000 units

Actual production27,500 units

Materials: 

  Standard price per ounce$6.50

  Standard ounces per completed unit8

  Actual ounces purchased and used in production228,000

  Actual price paid for materials$1,504,800

Labor: 

  Standard hourly labor rate$22 per hour

  Standard hours allowed per completed unit6.6

  Actual labor hours worked183,000

  Actual total labor costs$4,020,000

Overhead: 

  Actual and budgeted fixed overhead$1,029,600

  Standard variable overhead rate$24.50 per standard labor hour

  Actual variable overhead costs$4,520,000

  Overhead is applied on standard labor hours. The factory overhead volume variance is: A. 73,250UB. 73,250FC. 59,400FD. 59,400U

127. The Joyner Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units. Compute the factory overhead controllable variance. A. 9,000FB. 9,000UC. 5,500FD. 5,500U

128. The Joyner Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units. Compute the factory overhead volume variance. A. 9,000FB. 9,000UC. 5,500FD. 5,500U

129. 

 

Standard

Actual

Variable OH Rate

$3.35

 

Fixed OH Rate

$1.80

 

Hours

18,900

17,955

Fixed Overhead

$46,000

 

Factory Overhead

 

$101,450

 

 

 

Calculate the total factory overhead cost variance using the above information: A. $4,866.75 UnfavorableB. $4,866.75 FavorableC. $8,981.75 FavorableD. $8,981.75 Unfavorable

130. 

 

Standard

Actual

Variable OH Rate

$3.35

 

Fixed OH Rate

$1.80

 

Hours

18,900

17,955

Fixed Overhead

$46,000

 

Factory Overhead

 

$101,450

 

 

 

Calculate the fixed factory overhead volume variance using the above information: A. $1,701 FavorableB. $4,866.75 UnfavorableC. $1,701 UnfavorableD. $4,866.75 Favorable

 

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