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
