Question : 31) ______ A) $4,920 B) $4,120 C) $4,800 D) $120 : 1196277

 

31) ______ A) $4,920 B) $4,120 C) $4,800 D) $120 E) $4,680

32) The difference between the actual amount of variable overhead incurred and the budget amount allowed for actual output achieved is 32) ______ A) the sales-volume variance. B) the price variance. C) the flexible budget variance. D) the variable overhead spending variance. E) the efficiency variance.

33) Cady Machine Shop used 15,000 machine hours during January. It takes 0.90 machine-hours to produce one unit; 15,000 units were produced during the month. Budgeted production included 12,000 units, using 10,800 machine hours. Budgeted variable manufacturing overhead costs per output unit is $22.50. What is the variable overhead efficiency variance for Cady? 33) ______ A) $37,000 favourable B) $37,500 unfavourable C) $16,875 unfavourable D) $16,875 favourable E) $37,500 favourable

34) A favourable variable manufacturing overhead efficiency variance may be interpreted as meaning which of the following? 34) ______ A) employees used too much electricity during production B) excess supplies were used C) too much of the cost driver was used D) less maintenance was required than expected E) the cost driver is inappropriate

35) If Ferg Company has a $12,000 unfavourable variable-overhead efficiency variance, which of the following statements would be TRUE? 35) ______ A) Ferg used the variable overhead components less efficiently than expected. B) Ferg did not use the cost driver efficiently. C) Ferg used the variable overhead components less efficiently than expected D) Ferg made efficient use of the cost driver E) Ferg did not use the variable overhead components effectively.

36) Randy’s Production Company uses a single cost pool for fixed manufacturing overhead. The amount for May 2002 was budgeted at $250,000; however, the actual amount was $350,000. Actual production for May 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 input unit? 36) ______ A) $28.28 per unit B) $14.09 per unit

C) $19.72 per unit

D) $20.20 per unit E) $20.00 per unit

37) 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? 37) ______ A) $102,000 unfavourable B) $102,000 favourable C) $100,000 unfavourable D) $80,000 favourable E) $100,000 favourable

38) In flexible budgets, costs that remain the same regardless of the output levels within the relevant range are 38) ______ A) allocated costs. B) budgeted costs. C) fixed costs. D) estimated costs. E) variable costs.

39) 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? 39) ______ A) 34,000 Machine hours, 39,000 Machine hours B) 39,000 Machine hours, 33,000 Machine hours C) 33,000 Machine hours, 30,000 Machine hours D) 39,000 Machine hours, 34,000 Machine hours E) 30,000 Machine hours, 33,000 Machine hours

40) Regal Company uses a single cost pool for fixed manufacturing overhead. The amount for June 2002 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? 40) ______ A) $40.40 per unit B) $56.56 per unit C) $65.17 per unit D) $39.44 per unit E) $28.17 per unit

41) Regal Company uses a single cost pool for fixed manufacturing overhead. The amount for June 2002 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 input unit?

 

 

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