Please answer all questions

TRUE/FALSE 1) 1) The main difference between a flexible budget and a static budget is that the static budget is not adjusted for changes in the level of activity if the average actual selling price is greater than expected. activity is lower than expected, total fixed costs should be lower than expected. 2) 2) When the activity measure is the number of units sold, the revenue variance is favorable 3) If activity is higher than expected, total fixed costs should be higher than expected. If 3) MULTIPLE CHOICE 4) If variable manufacturing overhead is applied on the basis of direct labor-hours and the 4 B) the actual direct labor-hours exceeded the standard direct labor-hours allowed for C) the standard direct labor-hours allowed for the actual output exceeded the actual variable overhead rate variance is favorable, then: A) the actual variable overhead rate exceeded the standard rate. the actual output. hours. D) the standard variable overhead rate exceeded the actual rate. 5) Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in 5) its budgets and performance reports. The cost formula for catering supplies is $650 per month plus $79 per job plus $15 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in September to be 20 jobs and 150 meals, but the actual activity was 16 jobs and 147 meals. The actual cost for catering supplies in September was $3940. The catering supplies in the planning budget for September would be closest to: A) $4119 B) $4590 C) $3940 D) $4480 6) An unfavorable materials quantity variance indicates that: A) standard material allowed for output exceeds the actual usage of material. B) standard material price exceeds actual price. C) actual usage of material exceeds the standard material allowed for output. D) actual material price exceeds standard price. 7) Pittman Framing's cost formula for its supplies cost is $1100 per month plus S10 per 7)_ frame. For the month of November, the company planned for activity of 620 frames, but the actual level of activity was 610 frames. The actual supplies cost for the month was $7000. The spending variance for supplies cost in November would be closest to: A) $200 U B) S200 F C) $300 U D) $300 F