Question 1

Grant Co.uses the following standard to produce a single unit of its product: Variable overhead (2 hrs.per unit @ $4/hr.) Actual data for the month show total variable overhead costs of $190,000,and 23,000 units produced.The total variable overhead variance is:

Accepted Answer

A)  $6,000F.
B)  $6,000U.
C)  $78,000U.
D)  $78,000F.
E)  $0.F) A) and B)
G) A) and E)

Question 2

Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period.

Accepted Answer

A)  $6,125 unfavorable.
B)  $7,000 unfavorable.
C)  $7,000 favorable.
D)  $21,000 favorable.
E)  $6,125 favorable.F) All of the above
G) B) and E)

Question 3

Claremont Company sells refurbished copiers.During the month,the company sold 180 copiers at an average price of $3,000 each.The budget for the month was to sell 175 copiers at an average price of $3,200.The expected total sales for 180 copiers were:

Accepted Answer

A)  $540,000.
B)  $576,000.
C)  $525,000.
D)  $560,000.
E)  $550,000.F) A) and B)
G) A) and C)

Exam 21: Flexible Budgets and Standard Costs

Claremont Company sells refurbished copiers.During the month,the company sold 180 copiers at an average price of $3,000 each.The budget for the month was to sell 175 copiers at an average price of $3,200.The expected total sales for 180 copiers were:

Correct Answer
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Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period.

Correct Answer
verified

Grant Co.uses the following standard to produce a single unit of its product: Variable overhead (2 hrs.per unit @ $4/hr.) Actual data for the month show total variable overhead costs of $190,000,and 23,000 units produced.The total variable overhead variance is:

Correct Answer
verified

Exam 21: Flexible Budgets and Standard Costs

Claremont Company sells refurbished copiers.During the month,the company sold 180 copiers at an average price of $3,000 each.The budget for the month was to sell 175 copiers at an average price of $3,200.The expected total sales for 180 copiers were:

Correct AnswerverifiedShow Answer

Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period.

Correct AnswerverifiedShow Answer

Grant Co.uses the following standard to produce a single unit of its product: Variable overhead (2 hrs.per unit @ $4/hr.) Actual data for the month show total variable overhead costs of $190,000,and 23,000 units produced.The total variable overhead variance is:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified