13. A company reported the following information. INFORMATION REPORTED BY COMPANY CONCERNING Actual fixed manufacturing overhead Fixed manufacturing overhead spending variance S Fixed manufacturing production volume variance S FIXED MANUFACTURING OVERHEAD 1,000,000 60,000 U 40,000 U To isolate these variances at the end of the accounting period, the company would: a) Credit Fixed Manufacturing Overhead Control for $1,000,000. (b) Debit Fixed Manufacturing Overhead Control for $900,000. (c) Debit Fixed Manufacturing Overhead Spending Variance for $60,000. Credit Fixed Manufacturing Volume Variance for $40,000. (d) The sales mix variance will be favorable when: (a) The actual sales mix shifts toward the less profitable units (b) 14. The actual contribution margin is greater than the static budget contribution margin. The composite unit for the actual mix is greater than for the budgeted mix. (c) (d) Actual unit sales are less than budgeted unit sales. The sales quantity variance will be unfavorable when: (a) 15. The actual contribution margin is greater than the static budget contribution margin. Actual unit sales are less than budgeted unit sales. The composite unit for the actual mix is greater than for the budgeted mix. The actual sales mix shifts toward the less profitable units. (b) (c) (d) Use the following information to answer Questions 16 through 18. A nursery provides the following information for the month of May. INFORMATION PROVIDED BY A NURSERY FOR MONTH OF MAY Budget Actual Tulips GeraniumsTulis Geraniums 1,500 1,800 2,250 Sales in Units 1950 Contribution Margin Per Unit s 11.00s 18.00 S 10.00 20.00 What is the budgeted contribution margin per composite unit for the actual mix? (a) $13.80 (b) $14.36 (c) $14.00. (d) $14.80. 16. 17. What is the budgeted contribution margin per composite unit for the budgeted mix? (a) $14.80 (b) $14.36. (c) $13.80 (d) $14.00. 18. For May, the nursery will report a(n): (a) (b) (c) Favorable sales mix variance. Unfavorable sales mix variance. Favorable sales volume variance. Unfavorable sales volume variance. (d) Use the following information to answer Questions 19 through 23. A company lost some of its accounting data for the current month because the brand new accounting clerk accidentally shredded it with some other documents. However, you do have available the following information to reconstruct the missing data for the month (numbers are in thousands) COMPANY INFORMATION REGARDING OPERAIO NS FOR CURRENT MONTH Flexible Sales Actual Budget Flexible Volume Statie Units Sold Revenues Variable Costs Fixed Costs Operating Results V BudgetVar Budget 10,520.0 | 250.0 Fl (B) 1350.0 UI (C) 2,070.0 21.5F 2,091.5 (E) 4,435.0 (G) 450 412.5 50.0 U 3,965.0 58.5 F4,023.5 | 4,213.5| 201.5 Ul (H) Income 19. What is the amount that should be shown for flexible budget revenues (B) above? (a) $10,270. (b) $10,770. (c) $10,520. (d) $10,620. What is the amount that should be shown for actual variable costs (D) above? (a) $3,915 (b) $3,965 (c) $4,015. (d) $4,023. 20. What is the amount that should be shown for static budget fixed costs (F) above? (a) $2,070.0 (b) $2,048,5. (c) $1,917.2 21. (d) $2,091.5 22 What is the amount that should be shown for static budget operating income (H) above? (a) $4,435.0. (b) $3,922.0 (c) $4,213.5. (d $4,505.0