COST ACCOUNTNG (084362_FA11_BL) > ASSGNMENTS > QUZZES AND SURVEYS > REVEW ASSESSMENT: CHAPTER 8

Review Assessment: Chapter 8

User Kionna Morrison
Submitted 12/4/11 10:15 PM
Name Chapter 8
Status Completed
Score 30 out of 30 points
Time EIapsed 0 hours, 48 minutes, and 24 seconds out of 1 hours and 0 minutes allowed.
Instructions

Question 1 5 out of 5 points

Roberts Corporation manufactured 100,000 buckets during February. Theoverhead cost-
allocation base is $5.00 per machine-hour. The following variable overhead data pertain to
February. Production: Actual is 100,000 units and budgeted is 100,000 units Machine-hours:
actual is 9,800 hours and budgeted is 10,000 hours Variable overhead costs per machine-hour:
actual is $5.25 and budgetd is $5.00 What is the actual variable overhead costs?


Correct Answers: $51,450
Feedback: 9,800 mh x %5.25 = $51,450
9,800 mh x %5.25 = $51,450


Question 2 5 out of 5 points

Roberts Corporation manufactured 100,000 buckets during February. Theoverhead cost-
allocation base is $5.00 per machine-hour. The following variable overhead data pertain to
February. Production: Actual is 100,000 units and budgeted is 100,000 units Machine-hours:
actual is 9,800 hours and budgeted is 10,000 hours Variable overhead costs per machine-hour:
actual is $5.25 and budgetd is $5.00 What is the flexible-budget amount?


Correct Answer: $50,000
Feedback: 10,000 mh x $5.00 = $50,000


Question 3 5 out of 5 points

Roberts Corporation manufactured 100,000 buckets during February. Theoverhead cost-
allocation base is $5.00 per machine-hour. The following variable overhead data pertain to
February. Production: Actual is 100,000 units and budgeted is 100,000 units Machine-hours:
actual is 9,800 hours and budgeted is 10,000 hours Variable overhead costs per machine-hour:
actual is $5.25 and budgetd is $5.00 What is the variable overhead spending variance?


Correct Answer: $2,450 unfavorable
Feedback: ($5.25 - $5.00) x 9,800 mh = $2,450 unfavorable


Question 4 5 out of 5 points

Roberts Corporation manufactured 100,000 buckets during February. Theoverhead cost-
allocation base is $5.00 per machine-hour. The following variable overhead data pertain to
February. Production: Actual is 100,000 units and budgeted is 100,000 units Machine-hours:
actual is 9,800 hours and budgeted is 10,000 hours Variable overhead costs per machine-hour:
actual is $5.25 and budgetd is $5.00 What is the variable overhead efficiency variance?


Correct Answer: $1,000 favorable
Feedback: (9,800 - 10,000) x $5.00 = $1,000 favorable


Question 5 5 out of 5 points

For fixed manufacturing overhead, there is no


Correct Answer: efficiency variance
Feedback: efficiency variance


Question 6 5 out of 5 points

The difference between budgeted fixed manufacturing overhead and the fixed manufacturing
overhead allocated to acutal output units achieved is called the fixed overhead.

Correct Answer: production-volume variance
Feedback: production-volume variance