Question : 95.Claymore Corp. has the following information about its standards and : 1236750

95.Claymore Corp. has the following information about its standards and production activity for September. The volume variance is: 

A.$1,295U.

B.$1,295F.

C.$2,400U.

D.$2,400F.

E.$3,695U.

96.Claymore Corp. has the following information about its standards and production activity for September. The controllable variance is: 

A.$1,295U.

B.$1,295F.

C.$2,400U.

D.$2,400F.

E.$3,695U.

97.Regarding overhead costs, as volume increases:    

A.Unit fixed cost increases, unit variable cost decreases.

B.Unit fixed cost decreases, unit variable cost increases.

C.Unit variable cost decreases, unit fixed cost remains constant.

D.Unit fixed cost decreases, unit variable cost remains constant.

E.Both unit fixed cost and unit variable cost remain constant.

98.Regarding overhead costs, as volume increases:    

A.Total fixed cost increases, total variable cost remains constant.

B.Total fixed cost remains constant, total variable cost increases.

C.Total variable cost decreases, total fixed cost remains constant.

D.Both total fixed cost and total variable cost increase.

E.Both total fixed cost and total variable cost remain constant.

99.Levelor Company’s flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during May. However, the company applied overhead to production during May at a rate of $2.00 per direct labor hour based on a budgeted operating level of 6,120 direct labor hours (90% of capacity). If overhead actually incurred was $11,183 during May, the controllable variance for the month was:    

A.$473 unfavorable.

B.$473 favorable.

C.$1,530 favorable.

D.$1,530 unfavorable.

E.$1,057 favorable.

100.Regent, Inc. uses the following standard to produce a single unit of its product: overhead $6 (2 hrs. @ $3/hr.). The flexible budget for overhead is $100,000 plus $1 per direct labor hour. Actual data for the month show overhead costs of $150,000, and 24,000 units produced. The overhead volume variance is:    

A.$10,000 favorable.

B.$12,000 favorable.

C.$4,000 unfavorable.

D.$16,000 unfavorable.

E.$36,000 unfavorable.

101.The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can be combined to find the:    

A.Production variance.

B.Quantity variance.

C.Volume variance.

D.Price variance.

E.Controllable variance.

102.The following information relating to a company’s overhead costs is available. 

A.$7,000 favorable.

B.$6,000 favorable.

C.$1,000 unfavorable.

D.$6,000 unfavorable.

E.$1,000 favorable.

103.The following information relating to a company’s overhead costs is available. 

A.$2,000 favorable.

B.$6,000 favorable.

C.$2,000 unfavorable.

D.$6,000 unfavorable.

E.$1,000 favorable.

104.When recording variances in a standard cost system:    

A.Only unfavorable material variances are debited.

B.Only unfavorable material variances are credited.

C.Both unfavorable material and labor variances are credited.

D.All unfavorable variances are debited.

E.All unfavorable variances are credited.