ACC 102-UNIT 3 REVIEW: CHAPTERS 7, 8 and 9Name: A flexible budget cannot be used to estimate what costs should have been at a given level Of activity True or False 10. 11. Which of the following would produce a labor variance? A. B. C. D. Poor quality materials causing breakage and work interruptions Use of persons with high hourly wage rates in tasks that call for low hourly wage rates Excessive number of hours worked in completing a job An unfavorable variable overhead rate variance 12. Which variance is most useful in assessing the performance of the purchasing manager? A. Materials quantity variance B. Materials price variance C. Labor rate variance Labor efficiency variance E. D. Variable overhead rate variance F. Variable overhead efficiency variance 13. Akron Hospital bases its budgets on patient visits. The hotel's static budget for March Appears below: Budgeted number of patient visits Budgeted variable overhead costs 2,700 Laundry @ $9.70 per patient visit Total variable overhead cost Budgeted fixed overhead costs Supplies @ $3.90 per patient visit$10,530 26,190 36,720 Wages and Salaries 15,660 Occupancy costs Total fixed overhead cost Total budgeted overhead cost 51,300 88,020 What is the total overhead cost for an activity level of 3,000 patient visits per month