14. Use the following information to answer this question. Budgeted factory overhead $750,000 Actual factory overhead $900,000 Budgeted machine hours 150,000 Actual machine hours 200,000 Assume machine hours are the cost driver of factory overhead costs. The budgeted factory overhead rate is A) $3.75 per machine hour B) $4.5 per machine hour C) $6.00 per machine hour D) $5.00 per machine hour

15. To compute contribution margin under variable costing, we deduct and from sales.

A) variable selling costs; fixed manufacturing costs B) variable administrative costs; variable selling costs C) variable manufacturing costs; variable selling and administrative costs D) variable manufacturing costs; fixed manufacturing costs

16. The two key items in determining the budgeted factory overhead application rate are total budgeted factory overhead costs and A) total estimated factory overhead costs B) total actual factory overhead costs C) budgeted amount of cost driver D) actual amount of the cost driver

17. management control system includes the techniques to gather and use information to

A) motivate employee behavior B) make planning and control decisions C) evaluate performance D) all of the above