Question
1. Albertville has budgeted fixed overhead of $67,500 based on budgeted production of 4,500 units. During July, 4,700 units were produced and $71,400 was spent
1. Albertville has budgeted fixed overhead of $67,500 based on budgeted production of 4,500 units. During July, 4,700 units were produced and $71,400 was spent on fixed overhead. What is the fixed overhead spending variance?
| a. | $3,900 unfavorable | |
| b. | $900 unfavorable | |
| c. | $900 favorable | |
| d. | $3,000 favorable |
2. Albertville has budgeted fixed overhead of $67,500 based on budgeted production of 4,500 units. During July, 4,700 units were produced and $71,400 was spent on fixed overhead. What is the fixed overhead volume variance?
| a. | $3,900 unfavorable | |
| b. | $900 unfavorable | |
| c. | $900 favorable | |
| d. | $3,000 favorable |
2. Albertville has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $22.50 per hour. During July, Albertville paid $189,500 to employees for 8,890 hours worked. 4,700 units were produced during July. What is the direct labor rate variance?
| a. | $22,000 favorable | |
| b. | $11,475 favorable | |
| c. | $10,525 favorable | |
| d. | $10,525 unfavorable
|
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Government Audit An Effective Tool For The Anti Corruption Struggle In The New Era Of Chinas Governance
Authors: Bowen Zou, Yanzhe Dr. Zhang, Yang Dr. ZHAO, Jian Dr. Zhang
1st Edition
1844646068, 978-1844646067
