Question Details

81. How much overhead was applied to products during the period to the nearest dollar?

A. $67,408.

B. $71,955.

C. $72,270.

D. $74,460.

82. What was the fixed overhead budget variance for the period to the nearest dollar?

A. $1,270 F.

B. $1,450 F.

C. $2,675 U.

D. $3,691 F.

83. What was the fixed overhead volume variance for the period to the nearest dollar?

A. $1,225 F.

B. $2,720 U.

C. $2,811 U.

D. $3,945 U.

A manufacturer of playground equipment 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:

84. What is the predetermined fixed overhead rate to the nearest cent?

A. $11.96.

B. $12.24.

C. $13.55.

D. $13.87.

85. How much fixed overhead was applied to products during the period to the nearest dollar?

A. $40,650.

B. $41,600.

C. $42,981.

D. $46,070.

86. What was the fixed overhead budget variance for the period to the nearest dollar?

A. $950 U.

B. $1,381 U.

C. $2,790 F.

D. $4,470 U.

87. What was the fixed overhead volume variance for the period to the nearest dollar?

A. $2,256 F.

B. $2,331 F.

C. $3,089 U.

D. $5,420 F.

The Claus Company makes and sells a single product and uses standard costing. During January, the

company actually used 8,700 direct labour-hours (DLHs) and produced 3,000 units of product. The

standard cost card for one unit of product includes the following:

Variable factory overhead: 3.0 DLHs @ $4.00 per DLH.

Fixed factory overhead: 3.0 DLHs. @ $3.50 per DLH.

For January, the company incurred $22,000 of actual fixed overhead costs and recorded a $875

favourable volume variance.

88. The budgeted fixed factory overhead cost for January is?

A. $30,625.

B. $31,500.

C. $32,375.

D. $33,250.

89. The denominator level of activity in direct labour-hours (DLHs) used by Claus in setting the

predetermined overhead rate for January is?

A. 8,750 DLHs.

B. 9,250 DLHs.

C. 9,500 DLHs.

D. 10,500 DLHs.

A manufacturer of industrial equipment 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:

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

A. $23.91.

B. $24.30.

C. $24.59.

D. $24.91.