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A manufacturer of playground equipment uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: A manufacturer of playground equipment uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The fixed manufacturing overhead budget variance for the period is closest to: A) $4,470 U B) $950 U C) $2,790 F D) $1,381 U The following data pertain to operations for the most recent period: A manufacturer of playground equipment uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The fixed manufacturing overhead budget variance for the period is closest to: A) $4,470 U B) $950 U C) $2,790 F D) $1,381 U The fixed manufacturing overhead budget variance for the period is closest to:


A) $4,470 U
B) $950 U
C) $2,790 F
D) $1,381 U

E) None of the above
F) B) and D)

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Acuff Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Acuff Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: The company based its original budget on 6,200 machine-hours. The company actually worked 6,560 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,420 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month? A) $320 Favorable B) $320 Unfavorable C) $972 Favorable D) $972 Unfavorable The company based its original budget on 6,200 machine-hours. The company actually worked 6,560 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,420 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?


A) $320 Favorable
B) $320 Unfavorable
C) $972 Favorable
D) $972 Unfavorable

E) A) and C)
F) All of the above

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A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The overhead applied to products during the period was closest to: A) $74,460 B) $72,270 C) $67,408 D) $71,955 The following data pertain to operations for the most recent period: A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The overhead applied to products during the period was closest to: A) $74,460 B) $72,270 C) $67,408 D) $71,955 The overhead applied to products during the period was closest to:


A) $74,460
B) $72,270
C) $67,408
D) $71,955

E) C) and D)
F) B) and D)

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Denby Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual fixed manufacturing overhead costs for the most recent month appear below: Denby Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual fixed manufacturing overhead costs for the most recent month appear below: The company based its original budget on 6,400 machine-hours. The company actually worked 6,710 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,540 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? A) $3,286 Favorable B) $1,484 Unfavorable C) $3,286 Unfavorable D) $1,484 Favorable The company based its original budget on 6,400 machine-hours. The company actually worked 6,710 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 6,540 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?


A) $3,286 Favorable
B) $1,484 Unfavorable
C) $3,286 Unfavorable
D) $1,484 Favorable

E) A) and D)
F) A) and B)

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Coblentz Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $6.20 per MH. The company had budgeted its fixed manufacturing overhead cost at $40,000 for the month. During the month, the actual total variable manufacturing overhead was $48,970 and the actual total fixed manufacturing overhead was $43,000. The actual level of activity for the period was 8,300 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?


A) $2,490 Favorable
B) $510 Favorable
C) $510 Unfavorable
D) $2,490 Unfavorable

E) All of the above
F) C) and D)

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Tillinghast Corporation estimates that its variable manufacturing overhead is $9.60 per machine-hour and its fixed manufacturing overhead is $14,630 per period. If the denominator level of activity is 1,100 machine-hours, the predetermined overhead rate would be:


A) $960.00 per machine-hour
B) $9.60 per machine-hour
C) $13.30 per machine-hour
D) $22.90 per machine-hour

E) C) and D)
F) A) and D)

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The Dillon Corporation makes and sells a single product. Overhead costs are applied on the basis of standard direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit. The Dillon Corporation had the following budgeted and actual data for March: The Dillon Corporation makes and sells a single product. Overhead costs are applied on the basis of standard direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit. The Dillon Corporation had the following budgeted and actual data for March: The fixed manufacturing overhead volume variance for March is: A) $7,750 F B) $7,750 U C) $1,550 F D) $3,900 U The fixed manufacturing overhead volume variance for March is:


A) $7,750 F
B) $7,750 U
C) $1,550 F
D) $3,900 U

E) B) and C)
F) All of the above

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Tillinghast Corporation estimates that its variable manufacturing overhead is $9.60 per machine-hour and its fixed manufacturing overhead is $14,630 per period. If the denominator level of activity is 1,000 machine-hours, the fixed component in the predetermined overhead rate would be:


A) $24.23 per machine-hour
B) $14.63 per machine-hour
C) $960.00 per machine-hour
D) $9.60 per machine-hour

E) All of the above
F) B) and D)

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A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The fixed manufacturing overhead budget variance for the period is closest to: A) $2,675 U B) $1,450 F C) $3,691 F D) $1,270 F The following data pertain to operations for the most recent period: A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The fixed manufacturing overhead budget variance for the period is closest to: A) $2,675 U B) $1,450 F C) $3,691 F D) $1,270 F The fixed manufacturing overhead budget variance for the period is closest to:


A) $2,675 U
B) $1,450 F
C) $3,691 F
D) $1,270 F

E) A) and B)
F) C) and D)

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An unfavorable volume variance means that a firm operated at an activity level that was below the activity level planned for the period.

A) True
B) False

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A fixed manufacturing overhead volume variance occurs as the result of a difference between the denominator level of activity (in hours) and the standard hours allowed for the actual output of the period.

A) True
B) False

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Vette Tie Corporation has developed the following manufacturing overhead standards to use in applying overhead to the production of its hand-painted silk ties. Manufacturing overhead at Vette is applied to production on the basis of standard direct labor-hours (DLHs) . Vette Tie Corporation has developed the following manufacturing overhead standards to use in applying overhead to the production of its hand-painted silk ties. Manufacturing overhead at Vette is applied to production on the basis of standard direct labor-hours (DLHs) . The above standards were based on an expected annual volume of 60,000 ties. The actual results for last year were as follows: What was Vette's variable overhead rate variance? A) $2,800 Unfavorable B) $13,200 Favorable C) $16,000 Favorable D) $68,000 Unfavorable The above standards were based on an expected annual volume of 60,000 ties. The actual results for last year were as follows: Vette Tie Corporation has developed the following manufacturing overhead standards to use in applying overhead to the production of its hand-painted silk ties. Manufacturing overhead at Vette is applied to production on the basis of standard direct labor-hours (DLHs) . The above standards were based on an expected annual volume of 60,000 ties. The actual results for last year were as follows: What was Vette's variable overhead rate variance? A) $2,800 Unfavorable B) $13,200 Favorable C) $16,000 Favorable D) $68,000 Unfavorable What was Vette's variable overhead rate variance?


A) $2,800 Unfavorable
B) $13,200 Favorable
C) $16,000 Favorable
D) $68,000 Unfavorable

E) B) and C)
F) A) and D)

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The following data for February has been provided by Gillard Corporation. The following data for February has been provided by Gillard Corporation. The volume variance for February is: A) $5,580 F B) $5,580 U C) $7,440 U D) $7,440 F The volume variance for February is:


A) $5,580 F
B) $5,580 U
C) $7,440 U
D) $7,440 F

E) A) and B)
F) A) and D)

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Stenquist Corporation has provided the following data for January. Stenquist Corporation has provided the following data for January. Required: a. Compute the budget variance for January. Show your work! b. Compute the volume variance for January. Show your work! Required: a. Compute the budget variance for January. Show your work! b. Compute the volume variance for January. Show your work!

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a. Budget variance = Actual fixed manufa...

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Steinhagen Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Steinhagen Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: The company based its original budget on 2,600 machine-hours. The company actually worked 2,790 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,960 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? A) $5,148 Favorable B) $5,148 Unfavorable C) $2,717 Favorable D) $2,717 Unfavorable The company based its original budget on 2,600 machine-hours. The company actually worked 2,790 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,960 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?


A) $5,148 Favorable
B) $5,148 Unfavorable
C) $2,717 Favorable
D) $2,717 Unfavorable

E) A) and B)
F) A) and C)

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Masek Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) . The company has provided the following data for the most recent month: Masek Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) . The company has provided the following data for the most recent month: What was the fixed manufacturing overhead budget variance for the month? A) $2,360 Unfavorable B) $1,000 Unfavorable C) $2,360 Favorable D) $1,000 Favorable What was the fixed manufacturing overhead budget variance for the month?


A) $2,360 Unfavorable
B) $1,000 Unfavorable
C) $2,360 Favorable
D) $1,000 Favorable

E) All of the above
F) A) and B)

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Odonell Corporation estimates that its variable manufacturing overhead is $11.20 per machine-hour and its fixed manufacturing overhead is $563,640 per period. If the denominator level of activity is 6,100 machine-hours, the predetermined overhead rate would be:


A) $11.20 per machine-hour
B) $1,120.00 per machine-hour
C) $92.40 per machine-hour
D) $103.60 per machine-hour

E) B) and C)
F) A) and D)

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Nitrol Corporation manufactures brass vases using a standard cost system with standard machine-hours as the activity base for overhead. The following information relates to vase production at Nitrol for last year: Nitrol Corporation manufactures brass vases using a standard cost system with standard machine-hours as the activity base for overhead. The following information relates to vase production at Nitrol for last year: The standard machine-hours per vase is 1.25. Last year Nitrol produced 84,000 vases. What was Nitrol's total underapplied or overapplied overhead cost for last year? A) $1,060 overapplied B) $1,060 underapplied C) $7,940 overapplied D) $13,940 overapplied The standard machine-hours per vase is 1.25. Last year Nitrol produced 84,000 vases. What was Nitrol's total underapplied or overapplied overhead cost for last year?


A) $1,060 overapplied
B) $1,060 underapplied
C) $7,940 overapplied
D) $13,940 overapplied

E) A) and D)
F) All of the above

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Semaan Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the month appear below: Semaan Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the month appear below: The company based its original budget on 2,700 machine-hours. The company actually worked 2,960 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,030 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month? A) $3,130 Unfavorable B) $340 Unfavorable C) $340 Favorable D) $3,130 Favorable The company based its original budget on 2,700 machine-hours. The company actually worked 2,960 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,030 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?


A) $3,130 Unfavorable
B) $340 Unfavorable
C) $340 Favorable
D) $3,130 Favorable

E) A) and B)
F) All of the above

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A manufacturing company uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: A manufacturing company uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The variable overhead efficiency variance for the period is closest to: A) $300 F B) $1,465 U C) $1,760 U D) $1,775 U The following data pertain to operations for the most recent period: A manufacturing company uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The variable overhead efficiency variance for the period is closest to: A) $300 F B) $1,465 U C) $1,760 U D) $1,775 U The variable overhead efficiency variance for the period is closest to:


A) $300 F
B) $1,465 U
C) $1,760 U
D) $1,775 U

E) All of the above
F) A) and B)

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