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Please type the answers and solutions clearly ! Please answer all of the questions! Kirnon Clinic uses client-visits as its measure of activity. During July,
Please type the answers and solutions clearly!
Please answer all of the questions!
Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 4,100 client-visits, but its actual level of activity was 4,020 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Variable Fixed element per element client- per month visit $40.80 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses $36,800 2,800 9,800 6,800 $56,200 $12.00 8.80 2.80 0.10 $23.70 The activity variance for administrative expenses in July would be closest to: Multiple Choice $68 F $8 U $68 U $8 F Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.5 ounces 0.5 hours 0.5 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $19.50 $ 5.00 $ 1.50 Standard Price or Rate $ 3.00 per ounce $ 10.00 per hour $ 3.00 per hour The company reported the following results concerning this product in February. Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 5,600 units 5,200 units 31, 100 ounces 2,010 hours 33,500 ounces $ 122.90 per ounce $132.40 per hour $ 2.10 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for February is: Multiple Choice $1,809 F $1,814 F $1,809 U Tharaldson Corporation makes a product with the following standard costs: Direct materials Standard Standard Quantity or Standard Price Cost Per Hours or Rate Unit 5.3 $ 2.00 per $10.60 ounces ounce 0.2 hours $13.00 per hour $ 2.60 0.2 hours $ 4.00 per hour $ .80 Direct labor Variable overhead The company reported the following results concerning this product in June. Originally budgeted output 4,300 units Actual output 4,300 units Raw materials used in production 20,900 ounces Purchases of raw materials 22,000 ounces Actual direct labor-hours 570 hours Actual cost of raw materials purchases $39,400 Actual direct labor cost $14,300 Actual variable overhead cost $ 4,150 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead efficiency variance for June is: Multiple Choice $1,218 F $1,160 U $1,218 U $1,160 FStep by Step Solution
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