Save Time & improve Grades
- Questions Asked
- Total Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!
What was the fixed overhead volume variance for the period to the nearest dollar?
A. $1,352 U.
B. $1,359 U.
C. $2,550 F.
D. $3,902 U.
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:
62. The variable overhead spending variance for March is?
A. $4,900 U.
B. $11,060 U.
C. $14,700 U.
D. $17,300 U.
63. The variable overhead efficiency variance for March is?
A. $6,160 F.
B. $6,160 U.
C. $12,400 U.
D. $12,400 F.
64. The fixed overhead budget variance for March is?
A. $900 F.
B. $3,000 U.
C. $3,900 F.
D. $7,750 F.
65. The fixed overhead volume variance for March is?
A. $1,550 F.
B. $3,900 U.
C. $7,750 F
D. $7,750 U.
The Ferris Company applies manufacturing overhead costs to products on the basis of direct labourhours.
The standard cost card shows that 3 direct labour-hours are required per unit of product. For
August, the company budgeted to work 90,000 direct labour-hours and to incur the following total
manufacturing overhead costs:
During August, the company completed 28,000 units of product, worked 86,000 direct labour-hours, and
incurred the following total manufacturing overhead costs:
The denominator activity in the predetermined overhead rate is 90,000 direct labour-hours.
66. For August, the variable overhead spending variance is?
A. $4,300 F.
B. $4,300 U.
C. $6,500 F.
D. $6,500 U.
67. For August, the variable overhead efficiency variance is?
B. $1,800 F.
C. $2,200 U.
D. $2,200 F.
68. For August, the fixed overhead budget variance is?
A. $3,200 F.
B. $3,200 U.
C. $3,500 F.
D. $3,500 U.
69. For August, the fixed overhead volume variance is?
A. $4,300 U.
B. $4,980 U.
C. $4,980 F.
D. $7,920 U.
King Company estimated that it would operate its manufacturing facilities at 800,000 direct labourhours
for the year and this served as the denominator activity in the predetermined overhead rate. The
total budgeted manufacturing overhead for the year was $2,000,000, of which $1,600,000 was variable
and $400,000 was fixed. The standard variable overhead rate was $2 per direct labour-hour. The standard
direct labour time was 3 direct labour-hours per unit. The actual results for the year are presented below:
70. The variable overhead spending variance for the year is?
A. $2,000 F.
B. $10,000 U.
C. $82,000 U.
D. $110,000 U.
Ask a questionExperts are online