Chapter 8 - BB exercise No 3 - Practice Question no 1 (1 point)

Mia Corporation manufactured 1,500 units during June. The following variable overhead data

pertain to June:

Actual variable manufacturing overhead cost $16,800

Flexible-budget amount for variable manufacturing overhead $19,000

Variable manufacturing overhead efficiency variance $360 unfavorable

What is the variable overhead flexible-budget variance?

The format of your answer must be as follows:

The variable overhead flexible-budget variance is $10.00 Favorable (this is not the correct answer)

Chapter 8 - BB exercise No 3 - Practice Question no 2 (2 points)

Using the data from question 1, answer the following question:

What is the variable overhead spending variance?

The format of your answer must be as follows:

The variable overhead spending variance is $10.00 Favorable (this is not the correct answer)

Chapter 8 - BB exercise No 3 - Practice Question no 3 (1 point)

Michael Corporation manufactured 26,000 units during March. The fixed-overhead cost-allocation rate is $20.00 per machine-hour. The following fixed overhead data

pertain to March:

Actual Static Budget

Production 26,000 units 24,000 units

Machine-hours 6,100 hours 6,000 hours

Fixed overhead costs for March $128,000 $120,000

What is the flexible-budget amount?

The format of your answer must be as follows:

The flexible-budget amount is $10.00 (this is not the correct answer)

Chapter 8 - BB exercise No 3 - Practice Question no 4 (2 points)

Using the data from question 3, answer the following question:

What is the amount of fixed overhead production volume variance?

The format of your answer must be as follows:

The fixed overhead production volume variance is $10.00 Favorable (this is not the correct answer)