QUESTION $28$

In a standard costing system, all manufacturing costs are captured in the work$-$in$-$process account and are recorded at $$ costs instead of $q,$ costs.

budgeted, average.

actual, budgeted.

actual, standard

standard, actual

QUESTION $29$

How is the variable overhead efficiency variance calculated?

The difference between the standard hours allowed and the actual hours used multiplied by the standard overhead rate The difference between the actual overhead rate and the standard overhead rate multiplied by the actual hours

The difference between the standard hours allowed and the actual hours used multiplied by the actual overhead rate The difference between the actual overhead rate and the standard overhead rate multiplied by the standard hours allowed

QUESTION $30$

If the production volume variance is less than budgeted, the fixed overhead has been $$ and the fixed overhead volume variance is overallocated, favorable

Underallocate, unfavorable

underallocated, favorable

overallocated, unfavorable