USE THE FOLLOWING INFORMATION FOR QUESTIONS 1 THROUGH 5. Production- Variances Spending Efficiency Volume Variable overhead $
Question:
USE THE FOLLOWING INFORMATION FOR QUESTIONS 1 THROUGH 5.
Production-
Variances Spending Efficiency Volume
Variable overhead $ 7,500 F $30,000 U (B)
Fixed overhead $28,000 U (A) $80,000 U
1. Above is a:
Select one:
A. 4-variance analysis
B. 6-variance analysis
C. 2-variance analysis
D. 3-variance analysis
2. In the above table, the amounts for (A) and (B), respectively, are:
Select one:
a. $10,500 U; $55,000 U
b. $10,500 U; Zero
c. Zero; $55,000 U
d. Zero; Zero
3. In a 3-variance analysis, the total spending variance would be:
Select one:
a. $ 20,500 F
b. $ 22,500 U
c. $ 20,500 U
d. $ 37,500 F
4. In a combined 3-variance analysis, the total production-volume variance should be ________.
Select one:
a. $ 80,000 F
b. $ 80,000 U
c. $108,000 F
d. $108,000 U
5. In a combined 1-variance analysis, the total overhead variance should be ________.
Select one:
a. $145,500 F
b. $130,500 U
c. $145,500 U
d. $130,500
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil