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Answer the following questions using the information below: Wiliis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead. The following

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Answer the following questions using the information below: Wiliis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Actual output units produced Actual machine-hours used Actual variable manufacturing overhead costs 44,000 units 14,400 hours $484,000 29) What is the flexible-budget variance for variable manufacturing overhead? 29) A) $11,000 unfavorable B) $11,000 favorable C) $8,600 favorable D) None of these answers is correct. 30) Variable manufacturing overhead costs were for actual output. A) indeterminable B) the same as expected C) higher than expected D) lower than expected 31) For fixed manufacturing overhead, there is no: A) flexible-budget variance B) efficiency variance C) spending variance D) production-volume variance 32) An unfavorable production-volume variance of $20,000 indicates that the company has: A) overallocated $20,000 of fixed manufacturing overhead costs B) an economic loss of $20,000 from selling fewer products than planned C) $20,000 more capacity than needed D) unused fixed manufacturing overhead capacity 32) 31) 30)

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