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Khat 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: Khat 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: Required: Determine whether overhead was underapplied or overapplied for the year and by how much. Required: Determine whether overhead was underapplied or overapplied for the year and by how much.

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Predetermined overhe...

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The budget variance for fixed manufacturing overhead is the difference between actual fixed manufacturing overhead costs incurred and the amount of fixed manufacturing overhead applied to work in process.

A) True
B) False

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(Appendix 10A) 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: (Appendix 10A) 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: -If the denominator level of activity is 6,100 machine-hours,the fixed component in the predetermined overhead rate would be: A) $520.00 per machine-hour B) $39.68 per machine-hour C) $5.20 per machine-hour D) $44.88 per machine-hour The following data pertain to operations for the most recent period: (Appendix 10A) 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: -If the denominator level of activity is 6,100 machine-hours,the fixed component in the predetermined overhead rate would be: A) $520.00 per machine-hour B) $39.68 per machine-hour C) $5.20 per machine-hour D) $44.88 per machine-hour -If the denominator level of activity is 6,100 machine-hours,the fixed component in the predetermined overhead rate would be:


A) $520.00 per machine-hour
B) $39.68 per machine-hour
C) $5.20 per machine-hour
D) $44.88 per machine-hour

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

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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 predetermine...

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(Appendix 10A) 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: (Appendix 10A) 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) A) and B)
F) All of the above

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You have just been hired as the controller of the Eastern Division of Global Manufacturing.Performance records for last year are incomplete,with only the following data available: You have just been hired as the controller of the Eastern Division of Global Manufacturing.Performance records for last year are incomplete,with only the following data available: Required: Prepare a complete analysis of manufacturing overhead for the past year.Indicate actual,standard,and denominator activity levels; variable overhead rate and efficiency variances; and fixed manufacturing overhead budget and volume variances. Required: Prepare a complete analysis of manufacturing overhead for the past year.Indicate actual,standard,and denominator activity levels; variable overhead rate and efficiency variances; and fixed manufacturing overhead budget and volume variances.

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Budgeted fixed overhead rate = Fixed ove...

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

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(Appendix 10A) 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: (Appendix 10A) 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: -If the denominator level of activity is 7,500 machine-hours,the fixed component in the predetermined overhead rate would be: A) $192.28 per machine-hour B) $211.28 per machine-hour C) $19.00 per machine-hour D) $1,900.00 per machine-hour -If the denominator level of activity is 7,500 machine-hours,the fixed component in the predetermined overhead rate would be:


A) $192.28 per machine-hour
B) $211.28 per machine-hour
C) $19.00 per machine-hour
D) $1,900.00 per machine-hour

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

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(Appendix 10A) 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: (Appendix 10A) 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 predetermined overhead rate is closest to: A) $9.39 per labor-hour B) $9.22 per labor-hour C) $13.15 per labor-hour D) $12.91 per labor-hour -The predetermined overhead rate is closest to:


A) $9.39 per labor-hour
B) $9.22 per labor-hour
C) $13.15 per labor-hour
D) $12.91 per labor-hour

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

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(Appendix 10A) 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: (Appendix 10A) 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: -If the denominator level of activity is 6,200 machine-hours,the predetermined overhead rate would be: A) $520.00 per machine-hour B) $5.20 per machine-hour C) $44.24 per machine-hour D) $39.04 per machine-hour The following data pertain to operations for the most recent period: (Appendix 10A) 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: -If the denominator level of activity is 6,200 machine-hours,the predetermined overhead rate would be: A) $520.00 per machine-hour B) $5.20 per machine-hour C) $44.24 per machine-hour D) $39.04 per machine-hour -If the denominator level of activity is 6,200 machine-hours,the predetermined overhead rate would be:


A) $520.00 per machine-hour
B) $5.20 per machine-hour
C) $44.24 per machine-hour
D) $39.04 per machine-hour

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

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(Appendix 10A) Asper Corporation has provided the following data for February. (Appendix 10A) Asper Corporation has provided the following data for February. -The budget variance for February is: A) $6,460 F B) $6,920 U C) $6,460 U D) $6,920 F -The budget variance for February is:


A) $6,460 F
B) $6,920 U
C) $6,460 U
D) $6,920 F

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

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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 predetermine...

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(Appendix 10A) 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: (Appendix 10A) 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) All of the above
F) None of the above

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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 D)
F) C) and D)

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(Appendix 10A) Asper Corporation has provided the following data for February. (Appendix 10A) Asper Corporation has provided the following data for February. -The volume variance for February is: A) $17,300 U B) $17,300 F C) $6,920 F D) $6,920 U -The volume variance for February is:


A) $17,300 U
B) $17,300 F
C) $6,920 F
D) $6,920 U

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

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(Appendix 10A) 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: (Appendix 10A) 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 volume variance is: A) $17,856 U B) $2,856 F C) $17,856 F D) $2,856 U -The fixed overhead volume variance is:


A) $17,856 U
B) $2,856 F
C) $17,856 F
D) $2,856 U

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

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(Appendix 10A) 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: (Appendix 10A) 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: The following data pertain to operations for the most recent period: -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 The following data pertain to operations for the most recent period: (Appendix 10A) 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: The following data pertain to operations for the most recent period: -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 -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

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

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(Appendix 10A) 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: (Appendix 10A) 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: (Appendix 10A) 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) A) and B)
F) A) and C)

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Hykes Corporation's manufacturing overhead includes $4.40 per machine-hour for supplies; $4.40 per machine-hour for indirect labor; $55,800 per period for salaries; and $58,590 per period for depreciation. Required: Determine the predetermined overhead rate if the denominator level of activity is 3,100 machine-hours.Show your work!

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Estimated total manufacturing overhead c...

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Fabert 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: Fabert 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: 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. 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.

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a.Variable component of the predetermine...

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