QUESTION 1

1. Russo Corporation manufactured 160,000 space heaters during November. The overhead cost-allocation base is $15.75 per machine-hour. The following variable overhead data pertain to November:

   	Actual	Budgeted
   production	16000 units	18000 units
   Machines hours	7875 hours	9000 hours
   VOH cost per machine hour	$15.50	$15.75

   What is the flexible budget amount for VMOH costs?

4 points

QUESTION 2

1. Russo Corporation manufactured 16,000 space heaters during November. The overhead cost-allocation base is $15.75 per machine-hour. The following variable overhead data pertain to November:

   	Actual	Budgeted
   production	16000 units	18000 units
   Machines hours	8000 hours	9000 hours
   VOH cost per machine hour	$15.50	$15.75

   What is the VMOH flexible budget variance? (When entering your answer, enter a positive value for unfavorable variances and negative value for favorable)

4 points

QUESTION 3

1. Russo Corporation manufactured 16,000 space heaters during November. The overhead cost-allocation base is $15.75 per machine-hour. The following variable overhead data pertain to November:

   	Actual	Budgeted
   production	16000 units	18000 units
   Machines hours	8200 hours	9000 hours
   VOH cost per machine hour	$15.50	$15.75

   What is the VMOH spending variance? (When entering your answer, enter a positive value for unfavorable variances and negative value for favorable)

4 points

QUESTION 4

1. Jenny's Corporation manufactured 25100 grooming kits for horses during March. The fixed -overhead cost -allocation rate is $20.00 per machine -hour. The following fixed overhead data pertain to March:

   	Actual	Budgeted
   production	25100 units	25,000 units
   Machines hours	6100 hours	6000 hours
   FMOH costs	$124,000	$120,000

   What is the FMOH production volume variance assuming a standard cost system? (When entering your answer, enter a positive value for unfavorable variances and negative value for favorable)

4 points

QUESTION 5

1. Jenny's Corporation manufactured 25,000 grooming kits for horses during March. The fixed -overhead cost -allocation rate is $20.00 per machine -hour. The following fixed overhead data pertain to March:

   	Actual	Budgeted
   production	25,000 units	24,000 units
   Machines hours	6100 hours	6000 hours
   FMOH costs	$119,000	$120,000

   What is the FMOH spending variance? (When entering your answer, enter a positive value for unfavorable variances and negative value for favorable)

4 points

QUESTION 6

1. Russo Corporation manufactured 16,000 space heaters during November. The overhead cost-allocation base is $15.75 per machine-hour. The following variable overhead data pertain to November:

   	Actual	Budgeted
   production	16000 units	18000 units
   Machines hours	7900 hours	9000 hours
   VOH cost per machine hour	$15.50	$15.75

   What is the VMOH efficiency variance? (When entering your answer, enter a positive value for unfavorable variances and negative value for favorable)