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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 Flexible-budget amount for variable manufacturing overhead Variable manufacturing overhead efficiency variance $16,800 $19,000 $360 unfavorable What is the variable overhead flexible-budget variance? The variable overhead flexible-budget variance is $2,200 Favorable 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 variable overhead spending variance is $2,560 Favorable 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: Production Machine-hours Fixed overhead costs for March Actual 26,000 units 6,100 hours $128,000 Static Budget 24,000 units 6,000 hours $120,000 What is the flexible-budget amount? The flexible-budget amount is $120,000 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 fixed overhead production volume variance is $10,000 Favorable