1. THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 1 THROUGH 5.

Production-

Variances Spending Efficiency Volume

Variable manufacturing overhead $ 4,500 F $15,000 U (B)

Fixed manufacturing overhead $10,000 U (A) $40,000 U

4.1. Above is a

a. 4-variance analysis.

b. 3-variance analysis.

c. 2-variance analysis.

d. 1-variance analysis.

4.2. In the above chart, the amounts for (A) and (B), respectively, are

a. $10,500 U; $55,000 U

b. $10,500 U; Zero

c. Zero; $55,000 U

d. Zero; Zero

4.3. In a 3-variance analysis the spending variance should be

a. $ 4,500 F.

b. $10,000 U.

c. $ 5,500 U.

d. $10,500 U.

4.4. In a 2-variance analysis the flexible-budget variance and the production-volume variance should be __________, respectively.

a. $5,500 U; $55,000 U

b. $20,500 U; $40,000 U

c. $10,500 U; $50,000 U

d. $60,500 U; Zero

4.5. In a 1-variance analysis the total overhead variance should be

a. $20,500 U.

b. $60,500 U.

c. $121,000 U.

d. none of the above.

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