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Wineman 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: Wineman 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: The fixed overhead budget variance is: A) $16,000 F B) $12,234 F C) $12,234 U D) $16,000 U The fixed overhead budget variance is:


A) $16,000 F
B) $12,234 F
C) $12,234 U
D) $16,000 U

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

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Teall 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: Teall 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) $4,000 Unfavorable B) $4,000 Favorable C) $570 Favorable D) $570 Unfavorable What was the fixed manufacturing overhead budget variance for the month?


A) $4,000 Unfavorable
B) $4,000 Favorable
C) $570 Favorable
D) $570 Unfavorable

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

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Berk 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: Berk 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: 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. Determine the variable overhead rate variance for the year. d. Determine the variable overhead efficiency variance for the year. e. Determine the fixed overhead budget variance for the year. f. Determine the fixed overhead volume variance for the year. 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. Determine the variable overhead rate variance for the year. d. Determine the variable overhead efficiency variance for the year. e. Determine the fixed overhead budget variance for the year. f. Determine the fixed overhead volume variance for the year.

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a. Variable component of the predetermin...

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A manufacturer of industrial 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 industrial 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: What is the predetermined overhead rate to the nearest cent? A) $19.30 per DLH B) $19.65 per DLH C) $19.80 per DLH D) $20.15 per DLH The following data pertain to operations for the most recent period: A manufacturer of industrial 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: What is the predetermined overhead rate to the nearest cent? A) $19.30 per DLH B) $19.65 per DLH C) $19.80 per DLH D) $20.15 per DLH What is the predetermined overhead rate to the nearest cent?


A) $19.30 per DLH
B) $19.65 per DLH
C) $19.80 per DLH
D) $20.15 per DLH

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

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Flick Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard direct labor-hours. The company's total budgeted variable and fixed manufacturing overhead costs at the denominator level of activity are $20,000 for variable overhead and $30,000 for fixed manufacturing overhead. The predetermined overhead rate, including both fixed and variable components, is $2.50 per direct labor-hour. The standards call for two direct labor-hours per unit of output produced. Last year, the company produced 11,500 units of product and worked 22,000 direct labor-hours. Actual costs were $22,500 for variable overhead and $31,000 for fixed manufacturing overhead. Required: a. What is the denominator level of activity? b. What were the standard hours allowed for the output last year? c. What was the variable overhead rate variance? d. What was the variable overhead efficiency variance? e. What was the fixed manufacturing overhead budget variance? f. What was the fixed manufacturing overhead volume variance?

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a. Predetermined overhead rate = Estimat...

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The following data for May has been provided by Mccawley Corporation. The following data for May has been provided by Mccawley Corporation. The budget variance for May is: A) $2,070 U B) $2,470 F C) $2,070 F D) $2,470 U The budget variance for May is:


A) $2,070 U
B) $2,470 F
C) $2,070 F
D) $2,470 U

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

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Trumbauer 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: Trumbauer 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: The fixed overhead volume variance is: A) $18,482 U B) $18,482 F C) $31,482 U D) $31,482 F The fixed overhead volume variance is:


A) $18,482 U
B) $18,482 F
C) $31,482 U
D) $31,482 F

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

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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 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 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

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

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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 total of the overhead variances is: A) $13,888 F B) $13,888 U C) $38,462 F D) $38,462 U The total of the overhead variances is:


A) $13,888 F
B) $13,888 U
C) $38,462 F
D) $38,462 U

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

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Figures 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: Figures 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 variable overhead efficiency variance is: A) $5,389 F B) $5,389 U C) $4,896 F D) $4,896 U The variable overhead efficiency variance is:


A) $5,389 F
B) $5,389 U
C) $4,896 F
D) $4,896 U

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

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Thilges 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: Thilges 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 variable overhead efficiency variance is: A) $1,740 U B) $1,398 F C) $1,740 F D) $1,398 U The variable overhead efficiency variance is:


A) $1,740 U
B) $1,398 F
C) $1,740 F
D) $1,398 U

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

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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 fixed overhead volume variance is: A) $52,195 U B) $65,195 U C) $65,195 F D) $52,195 F The fixed overhead volume variance is:


A) $52,195 U
B) $65,195 U
C) $65,195 F
D) $52,195 F

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

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Rhine 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: Rhine 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: Required: a. Determine the fixed overhead budget variance for the year. b. Determine the fixed overhead volume variance for the year. Required: a. Determine the fixed overhead budget variance for the year. b. Determine the fixed overhead volume variance for the year.

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a. Budget variance = Actual fixed overhe...

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Keeran Corporation estimates that its variable manufacturing overhead is $5.20 per machine-hour and its fixed manufacturing overhead is $242,048 per period. If the denominator level of activity is 6,100 machine-hours, the variable component in the predetermined overhead rate would be:


A) $5.20 per machine-hour
B) $44.24 per machine-hour
C) $39.68 per machine-hour
D) $44.88 per machine-hour

E) A) and B)
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 rate variance is: A) $14,280 F B) $13,314 U C) $14,280 U D) $13,314 F The variable overhead rate variance is:


A) $14,280 F
B) $13,314 U
C) $14,280 U
D) $13,314 F

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

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Azzurra Corporation manufactures computer chips used in aircraft and automobiles. Manufacturing overhead at Azzurra is applied to production on the basis of standard machine-hours. Which overhead variance(s) at Azzurra would be affected in an unfavorable manner if fire and theft insurance rates increase by 25% unexpectedly during the period?


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

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

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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: 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: The following data pertain to operations for the most recent period: 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 The following data pertain to operations for the most recent period: 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: The following data pertain to operations for the most recent period: 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 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

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

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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 variable overhead rate variance for April was: A) $15,000 Unfavorable B) $23,000 Unfavorable C) $38,000 Favorable D) $38,000 Unfavorable The variable overhead rate variance for April was:


A) $15,000 Unfavorable
B) $23,000 Unfavorable
C) $38,000 Favorable
D) $38,000 Unfavorable

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

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Birkland 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: Birkland 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: 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. 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.

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a. Variable component of the predetermin...

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Billa Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $11.70 per machine-hour and fixed manufacturing overhead cost of $341,596 per period. If the denominator level of activity is 4,700 machine-hours, the predetermined overhead rate would be:


A) $11.70
B) $72.68
C) $84.38
D) $1,170.00

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

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