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Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The fixed overhead budget variance is: A) $57,675 U B) $15,000 F C) $15,000 U D) $57,675 F The fixed overhead budget variance is:


A) $57,675 U
B) $15,000 F
C) $15,000 U
D) $57,675 F

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

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Standard Corporation has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs) as follows: Standard overhead costs per unit: Variable portion: 2 DLHs × $3 per DLH = $6 Fixed portion: 2 DLHs × $5 per DLH = $10 The following data pertain to operations in April: Standard Corporation has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs) as follows: Standard overhead costs per unit: Variable portion: 2 DLHs × $3 per DLH = $6 Fixed portion: 2 DLHs × $5 per DLH = $10 The following data pertain to operations in April: The fixed manufacturing overhead volume variance for April was: A) $60,000 Unfavorable B) $60,000 Favorable C) $100,000 Favorable D) $100,000 Unfavorable The fixed manufacturing overhead volume variance for April was:


A) $60,000 Unfavorable
B) $60,000 Favorable
C) $100,000 Favorable
D) $100,000 Unfavorable

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

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Tierman Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Tierman Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The fixed overhead volume variance is: A) $43,560 U B) $43,560 F C) $29,560 F D) $29,560 U The fixed overhead volume variance is:


A) $43,560 U
B) $43,560 F
C) $29,560 F
D) $29,560 U

E) B) 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 fixed manufacturing overhead budget variance for the period is closest to: A) $2,440 F B) $1,200 U C) $1,999 U D) $704 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) $2,440 F B) $1,200 U C) $1,999 U D) $704 F The fixed manufacturing overhead budget variance for the period is closest to:


A) $2,440 F
B) $1,200 U
C) $1,999 U
D) $704 F

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

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Chojnowski Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Chojnowski Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The variable overhead efficiency variance is: A) $4,462 F B) $5,428 U C) $4,462 U D) $5,428 F The variable overhead efficiency variance is:


A) $4,462 F
B) $5,428 U
C) $4,462 U
D) $5,428 F

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

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Fredin Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Fredin Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The predetermined overhead rate is closest to: A) $22.76 per labor-hour B) $11.38 per labor-hour C) $17.74 per labor-hour D) $8.87 per labor-hour The predetermined overhead rate is closest to:


A) $22.76 per labor-hour
B) $11.38 per labor-hour
C) $17.74 per labor-hour
D) $8.87 per labor-hour

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

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Held Incorporated makes a single product--an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Held Incorporated makes a single product--an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Required: a. Compute the variable component of the company's predetermined overhead rate. b. Compute the fixed component of the company's predetermined overhead rate. c. Compute the company's predetermined overhead rate. d. Determine the variable overhead rate variance for the year. e. Determine the variable overhead efficiency variance for the year. f. Determine the fixed overhead budget variance for the year. g. Determine the fixed overhead volume variance for the year. h. Determine whether overhead was underapplied or overapplied for the year and by how much. Required: a. Compute the variable component of the company's predetermined overhead rate. b. Compute the fixed component of the company's predetermined overhead rate. c. Compute the company's predetermined overhead rate. d. Determine the variable overhead rate variance for the year. e. Determine the variable overhead efficiency variance for the year. f. Determine the fixed overhead budget variance for the year. g. Determine the fixed overhead volume variance for the year. h. Determine whether overhead was underapplied or overapplied for the year and by how much.

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a. Variable component of the predetermin...

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Weyers Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Weyers Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The total manufacturing overhead is underapplied or overapplied by how much? A) $10,708 Overapplied B) $9,956 Underapplied C) $10,708 Underapplied D) $9,956 Overapplied The total manufacturing overhead is underapplied or overapplied by how much?


A) $10,708 Overapplied
B) $9,956 Underapplied
C) $10,708 Underapplied
D) $9,956 Overapplied

E) A) and C)
F) None of the above

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Likes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Likes Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The total amount of manufacturing overhead applied is closest to: A) $488,400 B) $424,320 C) $432,640 D) $498,000 The total amount of manufacturing overhead applied is closest to:


A) $488,400
B) $424,320
C) $432,640
D) $498,000

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

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Hargett Incorporated makes a single product--an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Hargett Incorporated makes a single product--an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Required: a. Determine the variable overhead rate variance for the year. b. Determine the variable overhead efficiency variance for the year. c. Determine the fixed overhead budget variance for the year. d. Determine the fixed overhead volume variance for the year. e. Determine whether overhead was underapplied or overapplied for the year and by how much. Required: a. Determine the variable overhead rate variance for the year. b. Determine the variable overhead efficiency variance for the year. c. Determine the fixed overhead budget variance for the year. d. Determine the fixed overhead volume variance for the year. e. Determine whether overhead was underapplied or overapplied for the year and by how much.

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a. Variable component of the predetermin...

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Stopyra Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Stopyra Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The fixed overhead budget variance is: A) $2,856 U B) $15,000 F C) $2,856 F D) $15,000 U The fixed overhead budget variance is:


A) $2,856 U
B) $15,000 F
C) $2,856 F
D) $15,000 U

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

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Muscato Corporation estimates that its variable manufacturing overhead is $19.00 per machine-hour and its fixed manufacturing overhead is $1,442,100 per period. If the denominator level of activity is 7,600 machine-hours, the predetermined overhead rate would be:


A) $1,900.00 per machine-hour
B) $19.00 per machine-hour
C) $189.75 per machine-hour
D) $208.75 per machine-hour

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

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Sulema, Inc. repairs and refinishes antique furniture. Manufacturing overhead at Sulema is applied to production on the basis of standard direct labor-hours. Which overhead variance(s) at Sulema would be unfavorably affected if a significant amount of glue is being wasted by inexperienced direct labor workers?


A) variable overhead rate variance
B) variable overhead efficiency variance
C) fixed manufacturing overhead budget variance
D) fixed manufacturing overhead volume variance

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

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The Marlow Corporation uses a standard cost system and applies manufacturing overhead to products on the basis of standard direct labor-hours. The denominator activity is set at 40,000 direct labor-hours per year. Budgeted fixed manufacturing overhead cost is $40,000 per year, and 0.5 direct labor-hours are required to manufacture one unit. The standard cost card would indicate fixed manufacturing overhead cost per unit to be:


A) $1.00
B) $2.00
C) $1.50
D) $0.50

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

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The Rowe Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard machine-hours. During January, the company budgeted to incur $225,000 in manufacturing overhead cost and to operate at a denominator activity level of 25,000 machine-hours. At standard, each unit of finished product requires 3 machine-hours. The following cost and activity were recorded during January: The Rowe Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard machine-hours. During January, the company budgeted to incur $225,000 in manufacturing overhead cost and to operate at a denominator activity level of 25,000 machine-hours. At standard, each unit of finished product requires 3 machine-hours. The following cost and activity were recorded during January: The amount of overhead cost that the company applied to Work in Process for January was: A) $217,750 B) $225,000 C) $221,600 D) $216,000 The amount of overhead cost that the company applied to Work in Process for January was:


A) $217,750
B) $225,000
C) $221,600
D) $216,000

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

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Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $4.60 per MH. The company had budgeted its fixed manufacturing overhead cost at $65,000 for the month. During the month, the actual total variable manufacturing overhead was $22,080 and the actual total fixed manufacturing overhead was $63,000. The actual level of activity for the period was 4,600 MHs. What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?


A) $1,080 Unfavorable
B) $1,080 Favorable
C) $920 Unfavorable
D) $920 Favorable

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

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Furtado Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Furtado Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The predetermined overhead rate is closest to: A) $6.40 per labor-hour B) $7.79 per labor-hour C) $5.45 per labor-hour D) $9.14 per labor-hour The predetermined overhead rate is closest to:


A) $6.40 per labor-hour
B) $7.79 per labor-hour
C) $5.45 per labor-hour
D) $9.14 per labor-hour

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

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Kisler Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Kisler Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The predetermined overhead rate is closest to: A) $4.67 per machine-hour B) $6.96 per machine-hour C) $6.67 per machine-hour D) $9.95 per machine-hour The predetermined overhead rate is closest to:


A) $4.67 per machine-hour
B) $6.96 per machine-hour
C) $6.67 per machine-hour
D) $9.95 per machine-hour

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

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Vaden Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Vaden Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The variable component of the predetermined overhead rate is closest to: A) $1.93 per labor-hour B) $1.80 per labor-hour C) $1.78 per labor-hour D) $1.26 per labor-hour The variable component of the predetermined overhead rate is closest to:


A) $1.93 per labor-hour
B) $1.80 per labor-hour
C) $1.78 per labor-hour
D) $1.26 per labor-hour

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

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A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as 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) $3,595 U B) $550 F C) $2,763 U D) $784 F The following data pertain to operations for the most recent period: A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as 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) $3,595 U B) $550 F C) $2,763 U D) $784 F The fixed manufacturing overhead budget variance for the period is closest to:


A) $3,595 U
B) $550 F
C) $2,763 U
D) $784 F

E) A) and C)
F) None of the above

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