Question: please 16 and 26 Question 16 (6 points) The Chase Company uses standard cost system in which manufacturing overhead costs are applied to products on


Question 16 (6 points) The Chase Company uses standard cost system in which manufacturing overhead costs are applied to products on a basis of machine-hours. For November, the company's flexible budget for manufacturing overhead showed the following total budgeted costs at the budgeted activity level of 40,000 machine-hours: Variable overhead costs (total): Maintenance Utilities Fixed overhead costs (total): Supervision Depreciation $36,000 $20,000 $24,000 $16,000 During November 42,000 machine-hours were used to complete 13,200 units of product with the following actual overhead costs: Variable overhead costs (total): Maintenance Utilities Fixed overhead costs (total): Supervision Depreciation $43,420 $32,510 $26,970 $ 16,000 The standard time allowed to complete one unit of product is 3.6 machine-hours. The variable overhead spending variance for maintenance cost for November was: a) $7,420 unfavorable. b) $2,400 favorable. c) $9,820 unfavorable. d) $5,620 unfavorable. Question 26 (6 points) The following factory overhead variance analysis pertains to Zoom Company: Variances Variable manufacturing overhead Fixed manufacturing overhead Spending Efficiency $ 7,500 $30,000 F U $28,000 (A) U Production- Volume (B) $80,000 U The total factory overhead flexible budget variance should be a) $50,500 F b) $130,500 u Oc) $50,500 U d) $130,500 F
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