The fixed overhead budget variance is measured by: a. the difference between budgeted fixed overhead cost and actual fixed overhead cost. b. the difference between actual fixed overhead cost and applied fixed overhead cost. c. the difference between budgeted fixed overhead cost and applied fixed overhead cost. d. none of these. Save Answer 2. (Points: 1) A decrease in denominator level of activity will: a. decrease the fixed portion of the predetermined overhead rate. b. increase the fixed portion of the predetermined overhead rate. c. decrease the variable portion of the predetermined overhead rate. d. increase the variable portion of the predetermined overhead rate. Save Answer 3. (Points: 1) Overhead cost is applied to units based on direct labour-hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity level of 20,000 direct labour-hours for the month. The standard cost card indicates that each unit of finished product requires 2 direct labour-hours. The following data are available for April's activity: Numer of units produced 9,500 Direct labour-hours worked 19,500 Actual total overhead cost incurred $79,500 What amount of total overhead cost would have been applied to production for the month of April? a. $76,000 b. $78,000 c. $79,500 d. $80,000 Save Answer 4. (Points: 1) Tyro Company has a standard cost system in which it applies manufacturing overhead to units of product on the basis of direct labour-hours (DLSs). The following information is available: Actual total overhead costs $15,000 Actual fixed overhead costs $7,200 Budgeted fixed overhead costs $7,000 Actual hours worked 3,500 DLHs Standard hours allowed for the output 3,800 DLHs Variable overhead rate $2.50 per DLH Based on these data, what is the variable overhead spending variance? a. $1,700 favourable. b. $750 unfavourable. c. $950 favourable. d. $1,500 unfavourable. Save Answer 5. (Points: 1) The Dillon Company makes and sells a single product and uses a flexible budget for overhead to plan and control overhead costs. Overhead costs are applied on the basis of direct labour-hours. The standard cost card shows that 5 direct labour-hours are required per unit. The Dillon Company had the following budgeted and actual data for March: Actual Budgeted Units produced 33,900 30,800 Direct labour-hours 161,800 154,000 Variable overhead costs $140,500 $123,200 Fixed overhead costs $80,000 $77,000 The variable overhead spending variance for March is: a. $4,900 U. b. $11,060 U. c. $14,700 U. d. $17,300 U. Save Answer 6. (Points: 1) The variable overhead efficiency variance for March is: a. $12,400 F. b. $6,160 U. c. $12,400 U. d. $6,160 F. Save Answer 7. (Points: 1) The fixed overhead budget variance for March is: a. $900 F. b. $3,900 F. c. $3,000 U. d. $7,750 F. Save Answer 8. (Points: 1) The fixed overhead volume variance for March is: a. $7,750 F. b. $7,750 U. c. $1,550 F. d. $3,900 U. Save Answer 9. (Points: 1) The fixed overhead volume variances is due to: a. inefficient of efficient use of whatever the denominator activity is. b. inefficient or efficient use of overhead resources. c. a difference between the denominator activity and the standard hours allowed for the actual output of the period. d. a shift in the amount of hours required to produce the actual output. Save Answer 10. (Points: 1) At Overland Company, maintenance cost is exclusively a variable cost that varies directly with machine-hours. The performance report for July showed that actual maintenance costs totalled $9,800 and that the associated spending variance was $200 unfavourable. If 8,000 machine-hours were actually worked during July, the budgeted maintenance cost per machine-hour was: a. $1.20. b. $1.25. c. $1.275. d. $1.225.
Paper#8001 | Written in 18-Jul-2015Price : $25