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QUESTION 1The difference between the actual fixed manufacturing
overhead cost and the budgeted fixed manufacturing overhead cost is the fixed overhead spending variance.fixed overhead volume variance.fixed overhead rate variance.fixed overhead efficiency variance.10 points QUESTION 2XYZ Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, XYZ
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials price variance?$1,420 favorable$860 favorable$1,420 unfavorable$860 unfavorable10 points QUESTION 3Standard cost systems depend on which two types of
standards? A.Rate and PriceB.Quantity and PriceC.Quantity and EfficiencyD.Rate and Spending10 points QUESTION 4 Albertville has a
direct labor standard of 2 hours per unit of output. Each employee has a
standard wage rate of $22.50 per hour. During July, Albertville paid $189,500
to employees for 8,890 hours worked. 4,700 units were produced during July.
What is the direct labor rate variance? $11,475 favorable$22,000 favorable$10,525 unfavorable$10,525 favorable10 points QUESTION 5A spending variance is made up of volume variance and quantity variance.price variance and volume variance.price variance and rate variance.price variance and quantity variance.10 points QUESTION 6XYZ Corp prepared a master budget that included $17,800 for
direct materials, $28,000 for direct labor, $15,000 for variable overhead, and
$38,700 for fixed overhead. Wadjase Corp planned to sell 4,000 units during the
period, but actually sold 4,300 units.How much would direct labor cost be on a flexible budget for
the period based on actual sales? A.$30,100B.$12,040C.$26,047D.$28,00010 points QUESTION 7W Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, W
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials quantity variance? $480 favorable$1,420 unfavorable$9,980 favorable$9,120 favorable10 points QUESTION 8 Pulam, Inc. prepared
the following master budget items for July.Budgeted Production and Sales 30,000 unitsVariable Manufacturing Costs:Direct Materials $45,000Direct Labor $60,000Variable Overhead $75,000Fixed Overhead $100,000Total Manufacturing Costs $280,000During July, Pulam actually sold 24,000 units. Prepare a
flexible budget for Pulam based on actual sales. Be sure to show total flexible budgeted costs for direct
materials, direct labor, variable overhead, fixed costs and total costs just
like the original budget. https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 9Evaluate the following question and give a hypothetical
example that will back up your answer.When evaluating variances, is it best for managers and
others to consider only one variance at a time?If so why, if not why not? https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 10A master budget is an example of aA.static budgetB.flexible budgetC.volume varianceD.
standard cost card

QUESTION 1The difference between the actual fixed manufacturing
overhead cost and the budgeted fixed manufacturing overhead cost is the fixed overhead spending variance.fixed overhead volume variance.fixed overhead rate variance.fixed overhead efficiency variance.10 points QUESTION 2XYZ Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, XYZ
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials price variance?$1,420 favorable$860 favorable$1,420 unfavorable$860 unfavorable10 points QUESTION 3Standard cost systems depend on which two types of
standards? A.Rate and PriceB.Quantity and PriceC.Quantity and EfficiencyD.Rate and Spending10 points QUESTION 4 Albertville has a
direct labor standard of 2 hours per unit of output. Each employee has a
standard wage rate of $22.50 per hour. During July, Albertville paid $189,500
to employees for 8,890 hours worked. 4,700 units were produced during July.
What is the direct labor rate variance? $11,475 favorable$22,000 favorable$10,525 unfavorable$10,525 favorable10 points QUESTION 5A spending variance is made up of volume variance and quantity variance.price variance and volume variance.price variance and rate variance.price variance and quantity variance.10 points QUESTION 6XYZ Corp prepared a master budget that included $17,800 for
direct materials, $28,000 for direct labor, $15,000 for variable overhead, and
$38,700 for fixed overhead. Wadjase Corp planned to sell 4,000 units during the
period, but actually sold 4,300 units.How much would direct labor cost be on a flexible budget for
the period based on actual sales? A.$30,100B.$12,040C.$26,047D.$28,00010 points QUESTION 7W Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, W
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials quantity variance? $480 favorable$1,420 unfavorable$9,980 favorable$9,120 favorable10 points QUESTION 8 Pulam, Inc. prepared
the following master budget items for July.Budgeted Production and Sales 30,000 unitsVariable Manufacturing Costs:Direct Materials $45,000Direct Labor $60,000Variable Overhead $75,000Fixed Overhead $100,000Total Manufacturing Costs $280,000During July, Pulam actually sold 24,000 units. Prepare a
flexible budget for Pulam based on actual sales. Be sure to show total flexible budgeted costs for direct
materials, direct labor, variable overhead, fixed costs and total costs just
like the original budget. https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 9Evaluate the following question and give a hypothetical
example that will back up your answer.When evaluating variances, is it best for managers and
others to consider only one variance at a time?If so why, if not why not? https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 10A master budget is an example of aA.static budgetB.flexible budgetC.volume varianceD.
standard cost card

QUESTION 1The difference between the actual fixed manufacturing
overhead cost and the budgeted fixed manufacturing overhead cost is the fixed overhead spending variance.fixed overhead volume variance.fixed overhead rate variance.fixed overhead efficiency variance.10 points QUESTION 2XYZ Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, XYZ
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials price variance?$1,420 favorable$860 favorable$1,420 unfavorable$860 unfavorable10 points QUESTION 3Standard cost systems depend on which two types of
standards? A.Rate and PriceB.Quantity and PriceC.Quantity and EfficiencyD.Rate and Spending10 points QUESTION 4 Albertville has a
direct labor standard of 2 hours per unit of output. Each employee has a
standard wage rate of $22.50 per hour. During July, Albertville paid $189,500
to employees for 8,890 hours worked. 4,700 units were produced during July.
What is the direct labor rate variance? $11,475 favorable$22,000 favorable$10,525 unfavorable$10,525 favorable10 points QUESTION 5A spending variance is made up of volume variance and quantity variance.price variance and volume variance.price variance and rate variance.price variance and quantity variance.10 points QUESTION 6XYZ Corp prepared a master budget that included $17,800 for
direct materials, $28,000 for direct labor, $15,000 for variable overhead, and
$38,700 for fixed overhead. Wadjase Corp planned to sell 4,000 units during the
period, but actually sold 4,300 units.How much would direct labor cost be on a flexible budget for
the period based on actual sales? A.$30,100B.$12,040C.$26,047D.$28,00010 points QUESTION 7W Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, W
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials quantity variance? $480 favorable$1,420 unfavorable$9,980 favorable$9,120 favorable10 points QUESTION 8 Pulam, Inc. prepared
the following master budget items for July.Budgeted Production and Sales 30,000 unitsVariable Manufacturing Costs:Direct Materials $45,000Direct Labor $60,000Variable Overhead $75,000Fixed Overhead $100,000Total Manufacturing Costs $280,000During July, Pulam actually sold 24,000 units. Prepare a
flexible budget for Pulam based on actual sales. Be sure to show total flexible budgeted costs for direct
materials, direct labor, variable overhead, fixed costs and total costs just
like the original budget. https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 9Evaluate the following question and give a hypothetical
example that will back up your answer.When evaluating variances, is it best for managers and
others to consider only one variance at a time?If so why, if not why not? https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 10A master budget is an example of aA.static budgetB.flexible budgetC.volume varianceD.
standard cost card

QUESTION 1The difference between the actual fixed manufacturing
overhead cost and the budgeted fixed manufacturing overhead cost is the fixed overhead spending variance.fixed overhead volume variance.fixed overhead rate variance.fixed overhead efficiency variance.10 points QUESTION 2XYZ Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, XYZ
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials price variance?$1,420 favorable$860 favorable$1,420 unfavorable$860 unfavorable10 points QUESTION 3Standard cost systems depend on which two types of
standards? A.Rate and PriceB.Quantity and PriceC.Quantity and EfficiencyD.Rate and Spending10 points QUESTION 4 Albertville has a
direct labor standard of 2 hours per unit of output. Each employee has a
standard wage rate of $22.50 per hour. During July, Albertville paid $189,500
to employees for 8,890 hours worked. 4,700 units were produced during July.
What is the direct labor rate variance? $11,475 favorable$22,000 favorable$10,525 unfavorable$10,525 favorable10 points QUESTION 5A spending variance is made up of volume variance and quantity variance.price variance and volume variance.price variance and rate variance.price variance and quantity variance.10 points QUESTION 6XYZ Corp prepared a master budget that included $17,800 for
direct materials, $28,000 for direct labor, $15,000 for variable overhead, and
$38,700 for fixed overhead. Wadjase Corp planned to sell 4,000 units during the
period, but actually sold 4,300 units.How much would direct labor cost be on a flexible budget for
the period based on actual sales? A.$30,100B.$12,040C.$26,047D.$28,00010 points QUESTION 7W Co. has a material standard of 2 pounds per unit of
output. Each pound has a standard price of $12 per pound. During February, W
Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What
is the direct materials quantity variance? $480 favorable$1,420 unfavorable$9,980 favorable$9,120 favorable10 points QUESTION 8 Pulam, Inc. prepared
the following master budget items for July.Budgeted Production and Sales 30,000 unitsVariable Manufacturing Costs:Direct Materials $45,000Direct Labor $60,000Variable Overhead $75,000Fixed Overhead $100,000Total Manufacturing Costs $280,000During July, Pulam actually sold 24,000 units. Prepare a
flexible budget for Pulam based on actual sales. Be sure to show total flexible budgeted costs for direct
materials, direct labor, variable overhead, fixed costs and total costs just
like the original budget. https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 9Evaluate the following question and give a hypothetical
example that will back up your answer.When evaluating variances, is it best for managers and
others to consider only one variance at a time?If so why, if not why not? https://sharklearn.nova.edu/webapps/vtbe-tinymce/tiny_mce/plugins/bb_mashup/mashuplogo.png Path: pWords:010 points QUESTION 10A master budget is an example of aA.static budgetB.flexible budgetC.volume varianceD.
standard cost card
























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