Question :
111. The controllable variance measures: A. operating results at less than normal capacityB. the : 1239579
111. The controllable variance measures: A. operating results at less than normal capacityB. the efficiency of using variable overhead resourcesC. operating results at more than normal capacityD. control over fixed overhead costs
112. The unfavorable volume variance may be due to all of the following factors except: A. failure to maintain an even flow of workB. machine breakdownsC. unexpected increases in the cost of utilitiesD. failure to obtain enough sales orders
113. 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. all of the above
114. The following data is given for the Bahia Company:
Budgeted production
1,000 units
Actual production
980 units
Materials:
Standard price per pound
$2.00
Standard pounds per completed unit
12
Actual pounds purchased and used in production
11,800
Actual price paid for materials
$23,000
Labor:
Standard hourly labor rate
$14 per hour
Standard hours allowed per completed unit
4.5
Actual labor hours worked
4,560
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
115. The following data is given for the Bahia Company:
Budgeted production (at 100% production capacity)
1,000 units
Actual production
980 units
Materials:
Standard price per pound
$2.00
Standard pounds per completed unit
12
Actual pounds purchased and used in production
11,800
Actual price paid for materials
$23,000
Labor:
Standard hourly labor rate
$14 per hour
Standard hours allowed per completed unit
4.5
Actual labor hours worked
4,560
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
116. The following data is given for the Zoyza Company:
Budgeted production (at 100% production capacity)
26,000 units
Actual production
27,500 units
Materials:
Standard price per ounce
$6.50
Standard ounces per completed unit
8
Actual ounces purchased and used in production
228,000
Actual price paid for materials
$1,504,800
Labor:
Standard hourly labor rate
$22 per hour
Standard hours allowed per completed unit
6.6
Actual labor hours worked
183,000
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
117. The following data is given for the Zoyza Company:
Budgeted production (at 100% production capacity)
26,000 units
Actual production
27,500 units
Materials:
Standard price per ounce
$6.50
Standard ounces per completed unit
8
Actual ounces purchased and used in production
228,000
Actual price paid for materials
$1,504,800
Labor:
Standard hourly labor rate
$22 per hour
Standard hours allowed per completed unit
6.6
Actual labor hours worked
183,000
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
118. The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% production capacity. 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
119. The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% production capacity. 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
120.
Standard
Actual
Variable OH Rate
$3.35
Fixed OH Rate
$1.80
Hours
18,900
17,955
Fixed Overhead
$46,000
Actual Variable Overhead
$67,430
Total 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
