Leder Inc. has the following results for the current period:

	Budget	Actual
Fixed Overhead	$162359	$194624

The estimated budgeted use of the cost driver (DLH) was 42166 hours for the year. The standard hours per unit is 6 DLH. The budgeted production was 4000 units and actual production was 4060 units. The budgeted direct labour cost per unit was $9 and actual direct labour cost per unit was $11. What is the fixed overhead volume variance?

Select one:

a. $68562 Favourable

b. $32265 Unfavourable

c. $32265 Favourable

d. $68562 Unfavourable

In the month of May, Williams Company produced 6266 units of a product. The standard cost card indicates the following materials standard per unit of output: 1 kilogram @ $0.5 = $0.50. During May, 16375 kilograms of material were purchased at a total cost of $8682 and 6854 kilograms of materials were used. What is the material price variance for May? Note that a negative number indicates an unfavourable variance.

Select one:

a. $3427

b. $494

c. $-494

d. $-294

3

Given the information below, which of the statements is true?

Budgeted manufacturing overhead	$314651
Budgeted use of cost driver	26140 DLH
Budgeted DLH per unit	6 hours
Budgeted DM per unit	6.7 kg
Actual Manufacturing overhead	$230449
Actual DLH used	29259 hours
Actual DM used	55728 kg

Select one:

a. Overhead was overapplied by $440357

b. Overhead was underapplied by $440357

c. Overhead was overapplied by $121746

d. Overhead was underapplied by $121746