1 Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: 9,500 1 points $ 49,400 77,900 127,300 Budgeted number of patient-visits Budgeted variable overhead costs: Supplies (@$5.20 per patient-visit) Laundry (@$8.20 per patient-visit) Total variable overhead cost Budgeted fixed overhead costs: Wages and salaries Occupancy costs Total fixed overhead cost Total budgeted overhead cost 52,900 85,800 138, 700 $ 266,000 The total overhead cost at an activity level of 10,200 patient-visits per month should be: Multiple Choice $285,600 $276,220 $275,380 $266,000 2 Pittman Framing's cost formula for its supplies cost is $1,080 per month plus $18 per frame. For the month of November, the company planned for activity of 618 frames, but the actual level of activity was 608 frames. The actual supplies cost for the month was $12,550. The spending variance for supplies cost in November would be closest to: 1 points Multiple Choice $526 F o $526 U $346 F $346 U The following labor standards have been established for a particular product: 3 Standard labor-hours per unit of output Standard labor rate 9.2 hours $16.80 per hour 1 points The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 9,800 hours $ 161,700 970 units What is the labor rate variance for the month? Multiple Choice $11,777 F $14,454 U $11,777 U $2,940 F 4. Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: 1 points Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 7,800 MHS 8,000 MHS $ 6.50 per MH $ 49,770 What was the variable overhead rate variance for the month? Multiple Choice $1,435 Favorable $930 Favorable $1,300 Unfavorable $2,230 Favorable 5 Capelli Hospital bases its budgets on patient-visits. The hospital's static budget for August appears below: 8,100 1 points Budgeted number of patient-visits Budgeted variable costs: Supplies (@$8.20 per patient-visit) Laundry (@$7.90 per patient-visit) Total variable cost Budgeted fixed costs: Wages and salaries Occupancy costs Total fixed cost $ 66,420 63,990 130, 410 99,610 107,610 207, 220 $337,630 Total cost The total variable cost at the activity level of 8,200 patient-visits per month should be: Multiple Choice $130,410 $209,550 $207,220 $132,020 6 Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 5,000 tenant-days, but its actual level of activity was 5,030 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: 1 Data used in budgeting: points Fixed element per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 2,200 1,400 7,800 6,300 $17,700 Variable element per tenant-day $35.50 $ 8.90 15.40 4.40 0.20 $28.90 Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 151,125 $ 28,690 $ 79,225 $ 29,130 $ 7,109 The revenue variance for March would be closest to: Multiple Choice $26,375 U $27,440 U $27,440 F $26,375 F 7 Dinham Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 4,900 tenant-days, but its actual level of activity was 4,930 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March: Data used in budgeting: points Fixed element per month Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 2,100 1,300 7,700 6,200 $17,300 Variable element per tenant-day $35.40 $ 8.80 15.30 4.30 0.10 $28.50 Actual results for March: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $150,135 $ 28,680 $ 77,130 $ 28,225 $ 7,108 The spending variance for facility expenses in March would be closest to: Multiple Choice $674 F $545 U $674 U $545 F The following materials standards have been established for a particular product: 00 5.2 pounds Standard quantity per unit of output Standard price points $ 14.00 per pound The following data pertain to operations concerning the product for the last month: 6,000 pounds $63,680 Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,500 pounds 780 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Multiple Choice $5,307 U $15,326 U $20,216 U $7,000 U Turrubiates Corporation makes a product that uses a material with the following standards: 9 1 Standard quantity Standard price Standard cost liters per 6.6 unit $1.10 per liter $7.26 per unit points The company budgeted for production of 2,400 units in April, but actual production was 2,500 units. The company used 17,000 liters of direct material to produce this output. The company purchased 18,700 liters of the direct material at $1.20 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is: Multiple Choice $600 U $550 U $600 F $550 F Milar Corporation makes a product with the following standard costs: 10 Direct materials Direct labor Variable overhead Standard Quantity or Standard Price or Hours Rate 2.0 pounds $ 7.00 per pound 1.1 hours $19.00 per hour 1.1 hours $ 7.00 per hour points In January the company produced 4,800 units using 10,170 pounds of the direct material and 2,150 direct labor- hours. During the month, the company purchased 10,740 pounds of the direct material at a cost of $76,620. The actual direct labor cost was $38,251 and the actual variable overhead cost was $11,952. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is: Multiple Choice $1,300 U $1,440 F $1,440 U $1,300 F