## What was the fixed overhead budget varia

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

A. \$1,450 F.

B. \$2,503 F.

C. \$3,009 U.

D. \$5,810 U.

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

A. \$1,468 F.

B. \$1,559 F.

C. \$2,801 U.

D. \$4,360 F.

The Tate Company uses a standard costing system in which manufacturing overhead is applied to units

of product on the basis of direct labour-hours (DLHs). The company recorded the following costs and

activity for September:

103.The amount of fixed manufacturing overhead cost applied to work in process during September was?

A. \$54,150.

B. \$57,000.

C. \$59,850.

D. \$61,400.

104.The amount of fixed overhead cost contained in the company's flexible budget for manufacturing

A. \$57,000.

B. \$58,550.

C. \$60,000.

D. \$61,400.

105.The Moore Company produces and sells a single product. A standard cost card for the product follows:

The company manufactured and sold 18,000 units of product during the year. A total of 70,200 metres of

material was purchased during the year at a cost of \$4.20 per metre. All of this material was used to

manufacture the 18,000 units. The company records showed no beginning or ending inventories for the

year.

The company worked 29,250 direct labour-hours during the year at a cost of \$9.75 per hour. Overhead

cost is applied to products on the basis of direct labour-hours. The denominator activity level (direct

labour-hours) was 22,500 hours. Budgeted fixed overhead costs as shown on the flexible budget were

\$157,500, while actual fixed overhead costs were \$156,000. Actual variable overhead costs were \$90,000.

Required:

a. Compute the direct materials price and quantity variances for the year.

b. Compute the direct labour rate and efficiency variances for the year.

c. Compute the variable overhead spending and efficiency variances for the year.

d. Compute the fixed overhead budget and volume variances for the year.

106.Flick Company uses a standard cost system in which manufacturing overhead is applied to units

of product on the basis of direct labour-hours. The company's total budgeted variable and fixed

manufacturing overhead costs at the denominator level of activity are \$20,000 for variable overhead

and \$30,000 for fixed overhead. The predetermined overhead rate, including both fixed and variable

components, is \$2.50 per direct labour-hour. The standards call for two direct labour-hours per unit of

output produced. Last year, the company produced 11,500 units of product and worked 22,000 direct

labour-hours. Actual costs were \$22,500 for variable overhead and \$31,000 for fixed overhead.

Required:

a. What is the denominator level of activity?

b. What were the standard hours allowed for the output last year?

c. What was the variable overhead spending variance?

d. What was the variable overhead efficiency variance?

e. What was the fixed overhead budget variance?

f. What was the fixed overhead volume variance?

107.You have just been hired as the controller of the Eastern Division of Global Manufacturing. Performance

records for last year are incomplete, with only the following data available:

Required:

Prepare a complete analysis of manufacturing overhead for the past year. Indicate actual, standard, and

denominator activity levels; variable overhead spending and efficiency variances; and fixed overhead

budget and volume variances.

108.Sucher Company uses a standard cost system in which manufacturing overhead costs are applied to units

of product on the basis of machine-hours. The company's condensed flexible budget for manufacturing

The denominator level of activity is 30,000 machine-hours. Standards call for 2.5 machine-hours per unit

of output. Actual activity and manufacturing overhead costs for the year are given below:

Required:

a. What are the standard hours allowed for the output?

b. What was the variable overhead spending variance?

c. What was the variable overhead efficiency variance?

d. What was the fixed overhead budget variance?

e. What was the fixed overhead volume variance?

109.The following overhead data are for a department in a large company.

Required:

Prepare a report that would be useful in assessing how well costs were controlled in this department.

110.The following overhead data are for a department in a large company.

Required:

Prepare a report that would be useful in assessing how well costs were controlled in this department.

Pending
01 Feb 2018
Due Date: 01 Feb 2018