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Arca 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: Arca 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: The variable component of the predetermined overhead rate is closest to: A) $0.44 per machine-hour B) $1.29 per machine-hour C) $0.33 per machine-hour D) $0.76 per machine-hour The variable component of the predetermined overhead rate is closest to:


A) $0.44 per machine-hour
B) $1.29 per machine-hour
C) $0.33 per machine-hour
D) $0.76 per machine-hour

E) B) and D)
F) All of the above

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Tierman 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: Tierman 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 fixed overhead budget variance is: A) $14,000 F B) $43,560 U C) $43,560 F D) $14,000 U The fixed overhead budget variance is:


A) $14,000 F
B) $43,560 U
C) $43,560 F
D) $14,000 U

E) C) and D)
F) All of the above

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Fleming 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: Fleming 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 fixed overhead volume variance is: A) $63,495 U B) $45,495 F C) $45,495 U D) $63,495 F The fixed overhead volume variance is:


A) $63,495 U
B) $45,495 F
C) $45,495 U
D) $63,495 F

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

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Nadelson 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: Nadelson 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 component of the predetermined overhead rate is closest to: A) $1.26 per labor-hour B) $1.20 per labor-hour C) $1.64 per labor-hour D) $1.57 per labor-hour The variable component of the predetermined overhead rate is closest to:


A) $1.26 per labor-hour
B) $1.20 per labor-hour
C) $1.64 per labor-hour
D) $1.57 per labor-hour

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

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Zotta Enterprises uses standard costing and applies manufacturing overhead cost to products on the basis of standard direct labor-hours (DLHs) . Budgeted and actual data relating to manufacturing overhead for last year appear below: Zotta Enterprises uses standard costing and applies manufacturing overhead cost to products on the basis of standard direct labor-hours (DLHs) . Budgeted and actual data relating to manufacturing overhead for last year appear below: The standard direct labor-hours allowed for the output was: A) 14,167 DLHs B) 19,600 DLHs C) 20,000 DLHs D) 20,400 DLHs The standard direct labor-hours allowed for the output was:


A) 14,167 DLHs
B) 19,600 DLHs
C) 20,000 DLHs
D) 20,400 DLHs

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

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A manufacturing company 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: A manufacturing company 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: The predetermined overhead rate per MH is closest to: A) $20.93 per MH B) $19.86 per MH C) $19.50 per MH D) $20.55 per MH The following data pertain to operations for the most recent period: A manufacturing company 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: The predetermined overhead rate per MH is closest to: A) $20.93 per MH B) $19.86 per MH C) $19.50 per MH D) $20.55 per MH The predetermined overhead rate per MH is closest to:


A) $20.93 per MH
B) $19.86 per MH
C) $19.50 per MH
D) $20.55 per MH

E) All of the above
F) None of the above

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Dellarocco 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: Dellarocco 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 budget variance is: A) $37,328 U B) $37,328 F C) $17,000 F D) $17,000 U The fixed overhead budget variance is:


A) $37,328 U
B) $37,328 F
C) $17,000 F
D) $17,000 U

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

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Gaters 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: Gaters 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 company incurred a total of $240,080 in manufacturing overhead cost during the year. Required: Determine whether overhead was underapplied or overapplied for the year and by how much. The company incurred a total of $240,080 in manufacturing overhead cost during the year. 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 fixed manufacturing overhead budget variance equals:


A) Actual fixed manufacturing overhead cost − Applied fixed manufacturing overhead cost.
B) Actual fixed manufacturing overhead cost − Budgeted fixed manufacturing overhead cost.
C) Budgeted fixed manufacturing overhead cost − Applied fixed manufacturing overhead cost.
D) Actual fixed manufacturing overhead cost − (Actual hours × Standard fixed manufacturing overhead rate) .

E) B) and D)
F) All of the above

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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: 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) C) and D)
F) A) and D)

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Tantanka Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. The following information relates to production for last year: Tantanka Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. The following information relates to production for last year: The standard machine-hours allowed for actual output during the year were 7,600. The actual machine-hours incurred were 7,500. What did Tantanka use as a predetermined overhead rate for fixed manufacturing overhead? A) $85.50 per machine-hour B) $86.64 per machine-hour C) $87.40 per machine-hour D) $90.00 per machine-hour The standard machine-hours allowed for actual output during the year were 7,600. The actual machine-hours incurred were 7,500. What did Tantanka use as a predetermined overhead rate for fixed manufacturing overhead?


A) $85.50 per machine-hour
B) $86.64 per machine-hour
C) $87.40 per machine-hour
D) $90.00 per machine-hour

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

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Kisler 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: Kisler 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 total amount of manufacturing overhead applied is closest to: A) $91,900 B) $69,368 C) $97,489 D) $65,366 The total amount of manufacturing overhead applied is closest to:


A) $91,900
B) $69,368
C) $97,489
D) $65,366

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

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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: 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: 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) A) and B)
F) A) and C)

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Dori Castings is a job order shop that uses a standard cost system. Manufacturing overhead costs are applied on the basis of standard direct labor-hours. The amount of fixed manufacturing overhead that Dori would apply to finished production would be:


A) the actual direct labor-hours times the standard fixed manufacturing overhead rate per direct labor-hour.
B) the standard hours allowed for the actual units of finished output times the standard fixed manufacturing overhead rate per direct labor-hour.
C) the standard units of output for the actual direct labor-hours worked times the standard fixed manufacturing overhead rate per unit of output.
D) the actual fixed manufacturing overhead cost per direct labor-hour times the standard hours allowed.

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

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Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: The company based its original budget on 5,100 machine-hours. The company actually worked 4,800 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 4,980 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month? A) $3,150 Unfavorable B) $3,150 Favorable C) $1,260 Unfavorable D) $1,260 Favorable The company based its original budget on 5,100 machine-hours. The company actually worked 4,800 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 4,980 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?


A) $3,150 Unfavorable
B) $3,150 Favorable
C) $1,260 Unfavorable
D) $1,260 Favorable

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

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Diehl Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours. The company's total applied factory overhead was $315,000 last year when the company used 32,000 direct labor-hours as the denominator activity. If the variable factory overhead rate was $8 per direct labor-hour, and if 30,000 standard direct labor-hours were allowed for the output of the year, then the total budgeted fixed factory overhead for the year must have been:


A) $60,000
B) $80,000
C) $90,000
D) $100,000

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

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Chojnowski 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: Chojnowski 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 budget variance is: A) $13,000 F B) $13,000 U C) $52,195 F D) $52,195 U The fixed overhead budget variance is:


A) $13,000 F
B) $13,000 U
C) $52,195 F
D) $52,195 U

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

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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: 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 variable overhead rate variance is: A) $6,052 U B) $6,052 F C) $6,528 F D) $6,528 U The variable overhead rate variance is:


A) $6,052 U
B) $6,052 F
C) $6,528 F
D) $6,528 U

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

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A manufacturer of playground 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: A manufacturer of playground 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: The fixed manufacturing overhead applied to products during the period is closest to: A) $58,870 B) $61,083 C) $61,915 D) $58,320 The following data pertain to operations for the most recent period: A manufacturer of playground 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: The fixed manufacturing overhead applied to products during the period is closest to: A) $58,870 B) $61,083 C) $61,915 D) $58,320 The fixed manufacturing overhead applied to products during the period is closest to:


A) $58,870
B) $61,083
C) $61,915
D) $58,320

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

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Stopher 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: Stopher 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 component of the predetermined overhead rate is closest to: A) $1.67 per machine-hour B) $1.81 per machine-hour C) $1.76 per machine-hour D) $1.19 per machine-hour The variable component of the predetermined overhead rate is closest to:


A) $1.67 per machine-hour
B) $1.81 per machine-hour
C) $1.76 per machine-hour
D) $1.19 per machine-hour

E) All of the above
F) A) and B)

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