## The variable overhead efficiency varianc

71. The variable overhead efficiency variance for the year is?

A. \$28,000 U.

B. \$28,000 F.

C. \$100,000 F.

D. \$100,000 U.

72. The fixed overhead budget variance for the year is?

A. \$8,000 F.

B. \$10,000 U.

C. \$17,000 U.

D. \$74,000 F.

73. The fixed overhead volume variance for the year is?

A. \$7,000 U.

B. \$18,000 F.

C. \$25,000 U.

D. \$41,667 U.

A manufacturing company that has only one product has established the following standards for its

variable manufacturing overhead. The company uses machine-hours as its measure of activity.

The following data pertain to operations for the last month:

74. What is the variable overhead spending variance for the month?

A. \$595 U.

B. \$595 F.

C. \$1,739 U.

D. \$1,739 F.

75. What is the variable overhead efficiency variance for the month?

A. \$567 F.

B. \$1,144 U.

C. \$1,172 U.

D. \$1,172 F.

A manufacturing company that has only one product has established the following standards for its

variable manufacturing overhead. The company uses direct labour-hours (DLHs) as its measure of

activity.

The following data pertain to operations for the last month:

76. What is the variable overhead spending variance for the month?

A. \$255 F.

B. \$255 U.

C. \$10,821 F.

D. \$10,821 U.

77. What is the variable overhead efficiency variance for the month?

A. \$216 U.

B. \$11,037 F.

C. \$11,037 U.

D. \$11,076 U.

Raff Co. has a standard cost system in which manufacturing overhead is applied to units of product on the

basis of direct labour-hours (DLHs). The following standards are based on 100,000 direct labour-hours:

Variable overhead: 2 DLHs @ \$3 per DLH = \$6 per unit

Fixed overhead: 2 DLHs @ \$4 per DLH = \$8 per unit

The following information pertains to operations during March:

78. For March, the variable overhead spending variance was?

A. \$6,000 F.

B. \$10,000 U.

C. \$12,000 U.

D. \$22,000 F.

79. For March, the fixed overhead volume variance was?

A. \$80,000 U.

B. \$80,000 F.

C. \$96,000 U.

D. \$96,000 F.

A furniture manufacturer has a standard costing system based on machine-hours (MHs) as the measure of

activity. Data from the company's flexible budget for manufacturing overhead are given below:

The following data pertain to operations for the most recent period:

80. What is the predetermined overhead rate to the nearest cent?

A. \$21.16.

B. \$21.26.

C. \$21.80.

D. \$21.90.

Pending
01 Feb 2018
Due Date: 01 Feb 2018

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