1. (TCO 9) Which of the following is a variable cost? (Points : 4) Direct materials Depreciation Lease charge Property taxes Question 2.2. (TCO 9) Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets? (Points : 4) Direct materials cost Direct labor cost Variable manufacturing overhead Fixed manufacturing overhead Question 3.3. (TCO 9) The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours. The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours. What is the variable cost per machine hour using the high-low method to estimate the cost equation? (Points : 4) $2.78 $2.86 $3.10 $3.38 Question 4.4. (TCO 8) Southern Companys budgeted and actual sales for 2009 were: Product Budgeted Sales Actual Sales X 20,000 units at $5.00 per unit 17,500 units at $5.30 per unit Y 35,000 units at $9.00 per unit 37,300 units at $8.80 per unit What is the sales volume variance for the two products? (Points : 4) $6,990 Favorable $8,200 Favorable $6,990 Unfavorable $8,200 Unfavorable Question 5.5. (TCO 8) Southern Company manufactures Product X. The standard cost of one unit of output is $12.00 (four pieces at $3.00 per piece). During the first quarter, 5,000 units were made, at an actual cost of $10.50 per unit (three pieces at $3.50 per piece). What is the total material variance? (Points : 4) $7,500 Favorable $15,000 Favorable $7,500 Unfavorable $15,000 Unfavorable