•   Jasica
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What was the fixed overhead volume varia

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 planand control overhead costs. Overhead costs are applied on the basis of direct labour-hours. The standardcost card shows that 5 direct labour-hours are required per unit. The Dillon Company had the followingbudgeted and act ...
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  •   Jasica
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The fixed overhead budget variance for M

51. The fixed overhead budget variance for May was?A. $3,580 U.B. $3,580 F.C. $7,000 U.D. $7,000 F.Pollitt Potato Packers has a flexible budget for manufacturing overhead that is based on direct labourhours.The following overhead costs appear on the flexible budget at the 200,000-hour level of activity:52. At an activity level of 180,000 direct labour-hours, the flexible budget would show indirect labour costof?A. $108,000.B. $144,000.C. $162,000 ...
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  •   Jasica
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Web Company uses a standard cost system

41. Web Company uses a standard cost system in which manufacturing overhead is applied to units ofproduct on the basis of machine-hours. During February, the company used a denominator activity of80,000 machine-hours in computing its predetermined overhead rate. However, only 75,000 standardmachine-hours were allowed for the month's actual production. If the fixed overhead volume variance forFebruary was $6,400 unfavourable, then the total budget ...
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  •   Jasica
  •   1812
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The economic impact of the inability to

31. The economic impact of the inability to reach a target denominator level of activity would best bemeasured by?A. the amount of the volume variance.B. the contribution margin lost by failing to meet the target denominator level of activity.C. the amount of the fixed overhead budget variance.D. the amount of the variable overhead efficiency variance.32. Which of the following is not correct?A.if the denominator level of activity and the standar ...
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  •   Jasica
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A flexible budget variance can be decomp

21. A flexible budget variance can be decomposed into efficiency variance and a price variance.True False22. The most important task in variance analysis is to understand why variances occur, and then to use thatknowledge to promote learning and continual improvement.True False23. A limitation of a static budget is that a favourable revenue variance based upon higher than plannedactivity levels will usually result in unfavourable variable cost va ...
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  •   Jasica
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One cause of an unfavourable overhead vo

11. One cause of an unfavourable overhead volume variance would be increases in cost for fixed overheaditems.True False12. If the denominator activity (in hours) used to compute the predetermined overhead rate is equal to theactual activity (in hours) for the period, then there is no volume variance.True False13. Since managers want stable unit cost figures, the accountant creates an artificial stability so far as fixedcosts are concerned by ...
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  •   Jasica
  •   1812
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A flexible budget is "flexible" in the s

1. A flexible budget is "flexible" in the sense that a budget can be prepared for any level of activity, butonce a budget is set the budget figures are not changed if actual activity later proves to be different thanbudgeted activity.True False2. In a performance report, actual costs should be compared to budgeted costs at the original budgetedactivity level.True False3. The overhead spending variance and the overhead efficiency variance are ...
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  •   Jasica
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A ______________ shows the relationship

21.A ______________ shows the relationship between two variables. A.Stem-and-leaf B.Bar chart C.Histogram D.Scatter Plot E.Pie chart22.A ______________ can be used to differentiate the "vital few" causes of quality problems from the "trivial many" causes of quality problems. A.Histogram B.Scatter plot C.Pareto chart D.Ogive plot E.Stem and leaf display 23.______________ and _______ ...
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  •   Jasica
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A(n) ______ is a graph of a cumulative d

11.A(n) ______ is a graph of a cumulative distribution. A.Histogram B.Scatter plot C.Ogive plot D.Pie Chart12.________ can be used to study the relationship between two variables. A.Crosstabulation tables B.Frequency tables C.Cumulative frequency distributions D.Dot plots13.Row or column percentages can be found in: A.Frequency tables B.Relative frequency tables C.Crosstabulation tables D.Cumulative frequency tables ...
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  •   Jasica
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A stem-and-leaf display is a graphical p

1.A stem-and-leaf display is a graphical portrayal of a data set that shows the data set's overall pattern of variation. TrueFalse2.The relative frequency is the frequency of a class divided by the total number of measurements. TrueFalse3.A bar chart is a graphic that can be used to depict qualitative data. TrueFalse4.Stem-and-leaf displays and dot plots are useful for detecting outliers. TrueFalse5.A scatter plot can be used to identi ...
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