105) The total amount of manufacturing overhead applied is closest to:
A) $157,050
B) $195,512
C) $197,300
D) $155,654
106) The total of the overhead variances is:
A) $13,888 F
B) $13,888 U
C) $38,462 F
D) $38,462 U
107) The total manufacturing overhead is underapplied or overapplied by how much?
A) $38,462 Underapplied
B) $13,888 Underapplied
C) $38,462 Overapplied
D) $13,888 Overapplied
A manufacturing company 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:
Denominator level of activity
3,700
DLHs
Overhead costs at the denominator activity level:
Variable overhead cost
$
28,490
Fixed overhead cost
$
47,545
–
The following data pertain to operations for the most recent period:
Actual hours
DLHs
Standard hours allowed for the actual output
DLHs
Actual total variable manufacturing overhead cost
$
Actual total fixed manufacturing overhead cost
$
–
108) The predetermined overhead rate per MH is closest to:
A) $20.93 per MH
B) $19.86 per MH
C) $19.50 per MH
D) $20.55 per MH
109) The overhead applied to products during the period was closest to:
A) $79,118
B) $76,035
C) $77,440
D) $80,145
110) The variable overhead rate variance for the period was closest to:
A) $585 U
B) $585 F
C) $955 U
D) $955 F
111) What was the variable overhead efficiency variance for the period to the nearest dollar?
A) $578 U
B) $385 U
C) $378 U
D) $955 U
112) The fixed manufacturing overhead budget variance for the period is closest to:
A) $615 F
B) $2,120 U
C) $1,478 U
D) $450 U
113) The fixed manufacturing overhead volume variance for the period is closest to:
A) $1,870 F
B) $1,928 F
C) $643 U
D) $2,570 F
114) Rainbolt 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:
Budgeted fixed manufacturing overhead
$
343,000
Budgeted hours
70,000
machine-hours
Actual production (a)
37,000
units
Standard hours per unit (b)
2.00
machine-hours
Standard hours allowed for the actual production (a) × (b)
74,000
machine-hours
Actual fixed manufacturing overhead
$
363,000
Actual hours
77,500
machine-hours
–
The fixed overhead budget variance is:
A) $20,000 U
B) $400 U
C) $20,000 F
D) $400 F
115) Rainbolt 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:
Budgeted fixed manufacturing overhead
$
343,000
Budgeted hours
70,000
machine-hours
Actual production (a)
37,000
units
Standard hours per unit (b)
2.00
machine-hours
Standard hours allowed for the actual production (a) × (b)
74,000
machine-hours
Actual fixed manufacturing overhead
$
363,000
Actual hours
77,500
machine-hours
–
The fixed overhead volume variance is:
A) $400 F
B) $19,600 F
C) $400 U
D) $19,600 U
116) The following data for May has been provided by McCawley Corporation.
Denominator level of activity
2,600
machine-hours
Budgeted fixed manufacturing overhead costs
$
53,820
Actual level of activity
2,700
machine-hours
Standard machine-hours allowed for the actual output
2,800
machine-hours
Actual fixed manufacturing overhead costs
$
56,290
–
The budget variance for May is:
A) $2,070 U
B) $2,470 F
C) $2,070 F
D) $2,470 U
117) The following data for May has been provided by McCawley Corporation.
Denominator level of activity
2,600
machine-hours
Budgeted fixed manufacturing overhead costs
$
53,820
Actual level of activity
2,700
machine-hours
Standard machine-hours allowed for the actual output
2,800
machine-hours
Actual fixed manufacturing overhead costs
$
56,290
–
The volume variance for May is:
A) $2,070 U
B) $4,140 U
C) $4,140 F
D) $2,070 F
113
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:
Budgeted (Planned) Overhead:
Budgeted variable manufacturing overhead
$
82,450
Budgeted fixed manufacturing overhead
325,975
Total budgeted manufacturing overhead
$
408,425
Budgeted production (a)
25,000
units
Standard hours per unit (b)
1.70
labor-hours
Budgeted hours (a) × (b)
42,500
labor-hours
Applying Overhead:
Actual production (a)
20,000
units
Standard hours per unit (b)
1.70
labor-hours
Standard hours allowed for the actual production
(a) × (b)
34,000
labor-hours
Actual Overhead and Hours:
Actual variable manufacturing overhead
$
74,812
Actual fixed manufacturing overhead
312,975
Total actual manufacturing overhead
$
387,787
Actual hours
31,700
labor-hours
–
118) The predetermined overhead rate is closest to:
A) $19.39 per labor-hour
B) $16.34 per labor-hour
C) $11.41 per labor-hour
D) $9.61 per labor-hour
119) The variable component of the predetermined overhead rate is closest to:
A) $1.76 per labor-hour
B) $2.36 per labor-hour
C) $2.20 per labor-hour
D) $1.94 per labor-hour
120) The fixed component of the predetermined overhead rate is closest to:
A) $13.04 per labor-hour
B) $7.67 per labor-hour
C) $15.65 per labor-hour
D) $9.21 per labor-hour
121) The variable overhead rate variance is:
A) $14,280 F
B) $13,314 U
C) $14,280 U
D) $13,314 F
122) The variable overhead efficiency variance is:
A) $4,462 F
B) $5,428 U
C) $4,462 U
D) $5,428 F
123) The fixed overhead budget variance is:
A) $13,000 F
B) $13,000 U
C) $52,195 F
D) $52,195 U
124) The fixed overhead volume variance is:
A) $52,195 U
B) $65,195 U
C) $65,195 F
D) $52,195 F
125) An outdoor barbecue grill 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:
Denominator level of activity
4,600
MHs
Fixed overhead cost
$
50,140
–
The following data pertain to operations for the most recent period:
Actual hours
5,000
MHs
Standard hours allowed for the actual output
4,743
MHs
Actual total fixed manufacturing overhead cost
$
48,690
–
The fixed manufacturing overhead budget variance for the period is closest to:
A) $5,810 U
B) $2,503 F
C) $1,450 F
D) $3,009 U