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Kiker 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 machine-hours allowed for the actual output of the period.Data concerning the most recent year appear below: Kiker 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 machine-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) $9.57 per machine-hour B) $12.11 per machine-hour C) $7.57 per machine-hour D) $15.32 per machine-hour The predetermined overhead rate is closest to:


A) $9.57 per machine-hour
B) $12.11 per machine-hour
C) $7.57 per machine-hour
D) $15.32 per machine-hour

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

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Alapai Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) .The company has provided the following data for the most recent month: Alapai Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) .The company has provided the following data for the most recent month: What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month? A) $3,720 Favorable B) $2,280 Unfavorable C) $1,840 Favorable D) $1,880 Unfavorable What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?


A) $3,720 Favorable
B) $2,280 Unfavorable
C) $1,840 Favorable
D) $1,880 Unfavorable

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

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The fixed overhead volume variance is:


A) $43,560 U
B) $43,560 F
C) $29,560 F
D) $29,560 U

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

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Eastern Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard direct labor-hours (DLHs).The denominator activity level is 60,000 direct labor-hours, or 300,000 units. ā€¢ A standard cost card for the company's product follows: Eastern Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard direct labor-hours (DLHs).The denominator activity level is 60,000 direct labor-hours, or 300,000 units. ā€¢ A standard cost card for the company's product follows: ā€¢ Actual data for the year follow: Required: a.Compute the variable overhead rate and efficiency variances. b.Compute the fixed manufacturing overhead budget and volume variances. ā€¢ Actual data for the year follow: Eastern Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard direct labor-hours (DLHs).The denominator activity level is 60,000 direct labor-hours, or 300,000 units. ā€¢ A standard cost card for the company's product follows: ā€¢ Actual data for the year follow: Required: a.Compute the variable overhead rate and efficiency variances. b.Compute the fixed manufacturing overhead budget and volume variances. Required: a.Compute the variable overhead rate and efficiency variances. b.Compute the fixed manufacturing overhead budget and volume variances.

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a.Variable overhead variances:

Variable...

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The variable overhead efficiency variance is:


A) $2,907 U
B) $2,250 U
C) $2,907 F
D) $2,250 F

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

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The fixed manufacturing overhead budget variance for the period is closest to:


A) $3,595 U
B) $550 F
C) $2,763 U
D) $784 F

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

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If the denominator level of activity is 6,100 machine-hours, the variable component in the predetermined overhead rate would be:


A) $5.20 per machine-hour
B) $44.24 per machine-hour
C) $39.68 per machine-hour
D) $44.88 per machine-hour

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

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The predetermined overhead rate is closest to:


A) $19.39 per labor-hour
B) $16.34 per labor-hour
C) $11.41 per labor-hour
D) $9.61 per labor-hour

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

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The variable component of the predetermined overhead rate is closest to:


A) $1.76 per labor-hour
B) $2.36 per labor-hour
C) $2.20 per labor-hour
D) $1.94 per labor-hour

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

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The fixed overhead budget variance is:


A) $16,000 F
B) $12,234 F
C) $12,234 U
D) $16,000 U

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

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The budgeted fixed manufacturing overhead cost was:


A) $15,200
B) $16,000
C) $16,550
D) $13,700
E) $14,400

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

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The variable overhead efficiency variance for April was:


A) $15,000 Unfavorable
B) $23,000 Unfavorable
C) $38,000 Favorable
D) $38,000 Unfavorable

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

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Brister Incorporated has provided the following data concerning its overhead variances for the most recent period: Brister Incorporated has provided the following data concerning its overhead variances for the most recent period: The total manufacturing overhead is underapplied or overapplied by how much? A) $7,136 Overapplied B) $7,136 Underapplied C) $27,296 Overapplied D) $27,296 Underapplied The total manufacturing overhead is underapplied or overapplied by how much?


A) $7,136 Overapplied
B) $7,136 Underapplied
C) $27,296 Overapplied
D) $27,296 Underapplied

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

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The total of the overhead variances is:


A) $13,888 F
B) $13,888 U
C) $38,462 F
D) $38,462 U

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

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The higher the denominator activity level used to compute the predetermined overhead rate, the higher the predetermined overhead rate.

A) True
B) False

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If the denominator level of activity is 6,100 machine-hours, the fixed component in the predetermined overhead rate would be:


A) $520.00 per machine-hour
B) $39.68 per machine-hour
C) $5.20 per machine-hour
D) $44.88 per machine-hour

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

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The fixed overhead budget variance is:


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

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

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Khat 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: Khat 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: Required: Determine whether overhead was underapplied or overapplied for the year and by how much. 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 overhead volume variance is:


A) $400 F
B) $19,600 F
C) $400 U
D) $19,600 U

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

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