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\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/acct-349-week-1-quiz-latest/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nACCT 349 Week 1 Quiz Latest\nACCT349\nACCT 349 Week 1 Quiz Latest\nQuestion :(TCO 10)\nWhich of the following statements is true about overhead cost variance analysis using activity-based costing?\nOverhead cost variances are calculated for output-unit level costs only.\n

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acct 349 week 1 quiz latest

ACCT 349 WEEK 1 QUIZ LATEST

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/acct-349-week-1-quiz-latest/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ACCT 349 Week 1 Quiz Latest

ACCT349

ACCT 349 Week 1 Quiz Latest

Question :(TCO 10)

Which of the following statements is true about overhead cost variance analysis using activity-based

costing?

Overhead cost variances are calculated for output-unit level costs only.

Overhead cost variances are calculated for variable manufacturing overhead costs only.

A 4-variance analysis can be conducted.

Activity-based costing uses input measures for all activities, resulting in the inability to do flexible budgets

needed for variance analysis.

Question 2.(TCO 10)

Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all

inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor

hours and are shown below:

Variable overhead (5 hours at $12 per direct manufacturing labor hour) $ 60

Fixed overhead (5 hours at $15 per direct manufacturing labor hour, based on capacity of 200,000 direct

manufacturing labor hours per month) 75

total overhead per switch 135

Total overhead per switch $ 135

The following information is available for the month of December:

46,000 switches were produced, although 40,000 switches were scheduled to be produced.

225,000 direct manufacturing labor hours were worked at a total cost of $5,625,000.

Variable manufacturing overhead costs were $2,750,000.

Fixed manufacturing overhead costs were $3,050,000.

The variable overhead spending variance for December was

$50,000 U

$350,000 U

$10,000 F

$60,000 F

Question 3. (TCO 10)

Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all

inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor

hours and are shown below:

Variable overhead (5 hours at $12 per direct manufacturing labor hour) $ 60

Fixed overhead (5 hours at $15 per direct manufacturing labor hour, based on capacity of 200,000 direct

manufacturing labor hours per month) 75

Total overhead per switch $ 135

The following information is available for the month of December:

46,000 switches were produced, although 40,000 switches were scheduled to be produced.

225,000 direct manufacturing labor hours were worked at a total cost of $5,625,000.

Variable manufacturing overhead costs were $2,750,000.

Fixed manufacturing overhead costs were $3,050,000.

The fixed overhead production volume variance for December was

$450,000 F

$400,000 F

$50,000 U

775 000 f

$775,000 F

Question 4. (TCO 10)

The following information is for Pappillon Corporation’s variable manufacturing overhead costs last

month: favorable flexible-budget variance of $3,000, unfavorable efficiency variance of $2,500. The

spending variance is

$500 favorable.

$5,500 unfavorable.

$5,500 favorable.

None of the above

Question 5. (TCO 10)

Budgeted overhead costs rates can be expressed as an amount per unit of output or per unit of input.

True

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