#1 (answer choices 615F, 2120U, 1478U, 450U)

#2

#3

A manufacturing company has a standard costing system based on direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Budgeted level of activity 3,700 DLHS Overhead costs at the budgeted activity level: Variable overhead cost $28.490 Fixed overhead cost $47,545 The following data pertain to operations for the most recent period: 3,900 IDEAS Actual hours Standard hours allowed for the actual output Actual total variable overhead cost Actual total fixed overhead cost 3,850 DLHS $29,445 $47.995 What was the fixed overhead spending variance for the period to the nearest dollar? a) $615 F b) $2,120 U Comfort Corporation manufactured 3,000 chairs during June. The following variable overhead data relates to June: Budgeted variable overhead cost per unit Actual variable manufacturing overhead cost Flexible-budget amount for variable manufacturing overhead Variable manufacturing overhead efficiency variance $12.00 $49.900 $47.800 $720 unfavorable What is the variable overhead flexible-budget variance? Example of Answer: 4000U 4000F (No comma, space, decimal point, or $ sign) Zit Corporation manufactured 90,000 buckets during February. The variable overhead cost-allocation base is $5.05 per machine-hour. The following variable overhead data pertain to February: Actual Budgeted 90.000 90.000 Production units units 9,800 9.000 Machine-hours hours hours Variable overhead cost per $5.15 $5.05 machine-hour What is the flexible-budget amount for Variable overhead cost for February? Example of Answer: 4000 (No comma, space, decimal point or $ sign)