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Question 22 (4 points) Ch. 9 - John Deere Corporation has prepared the following overhead budget based on its sales and production budget for next
Question 22 (4 points) Ch. 9 - John Deere Corporation has prepared the following overhead budget based on its sales and production budget for next month. Activity level 3,800 machine-hours Variable overhead costs: Supplies $22,040 Indirect labor 36,860 Fixed overhead costs: Supervision 16,900 Utilities 7,200 Depreciation 8.200 Total overhead cost $91,200 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 3,700 machine-hours rather than 3,800 machine-hours? $88,800 $88,930 $91,200 $89,650 Question 27 (4 points) Ch. 10 - Discount Tire has established the following labor standards for tire services it provides: Standard labor-hours per unit of output 8.4 hours Standard labor rate $15.30 per hour The following data pertain to operations concerning tire service for the last month: Actual hours worked 8,300 hours Actual total labor cost $124,500 Actual output 820 units What is the labor rate variance for the month? $19,114 U $21,180 U $19,114 F $2,490 F Question 26 (4 points) Ch.8 - Which of the following budgets are prepared before the Manufacturing Overhead budget? Selling and Administrative Direct Labor Budget A) Yes Yes B) Yes No C) No Yes D) No No Choice C Choice B Choice A Choice D Question 25 (4 points) Ch. 10 - Apple Corporation makes a version of its smartphone line which uses materials with a quantity standard of 7.4 grams per unit of output and the price standard of $6.10 per gram. In November Apple produced 3,500 units using 24,970 grams of the direct material. During the month the company purchased 27,500 grams of the direct material at $6.30 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is: O $5,500 F O $5,180 F $5,500 U O $5,180 V
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