02 Jan based on capacity of
Question 1
6 / 6 pts
(TCO 10) Which of the following pertains primarily to the planning of fixed overhead costs?
A standard rate per unit is developed.
Only essential activities are to be undertaken.
Activities are to be undertaken in the most efficient method.
Key decisions are made at the start of the budget period determining the level of costs.
Question 2
6 / 6 pts
(TCO 10) Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor hours and are shown below:
Variable overhead (5 hours at $12 per direct manufacturing labor hour)
$ 60
Fixed overhead (5 hours at $15 per direct manufacturing labor hour,
based on capacity of 200,000 direct manufacturing labor hours per month)
75
Total overhead per switch
$ 135
The following information is available for the month of December:
46,000 switches were produced, although 40,000 switches were scheduled to be produced.
225,000 direct manufacturing labor hours were worked at a total cost of $5,625,000.
Variable manufacturing overhead costs were $2,750,000.
Fixed manufacturing overhead costs were $3,050,000.
The variable manufacturing overhead efficiency variance for December was
$50,000 U
$350,000 U
$10,000 F
$60,000 F
Question 3
6 / 6 pts
(TCO 10) Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor hours and are shown below:
Variable overhead (5 hours at $12 per direct manufacturing labor hour)
$ 60
Fixed overhead (5 hours at $15 per direct manufacturing labor hour,
based on capacity of 200,000 direct manufacturing labor hours per month)
75
Total overhead per switch
$ 135
The following information is available for the month of December:
46,000 switches were produced, although 40,000 switches were scheduled to be produced.
225,000 direct manufacturing labor hours were worked at a total cost of $5,625,000.
Variable manufacturing overhead costs were $2,750,000.
Fixed manufacturing overhead costs were $3,050,000.
What amount should be credited to the Allocated Manufacturing Overhead Control account for the month of December?
$6,210,000
$5,800,000
$5,760,000
$5,760,000
Question 4
6 / 6 pts
(TCO 10) Sebastian Company, which manufactures electrical switches, uses a standard cost system and carries all inventories at standard. The standard manufacturing overhead costs per switch are based on direct labor hours and are shown below:
Variable overhead (5 hours at $12 per direct manufacturing labor hour)
$ 60
Fixed overhead (5 hours at $15 per direct manufacturing labor hour,
based on capacity of 200,000 direct manufacturing labor hours per month)
75
Total overhead per switch
$ 135
The following information is available for the month of December:
46,000 switches were produced, although 40,000 switches were scheduled to be produced.
225,000 direct manufacturing labor hours were worked at a total cost of $5,625,000.
Variable manufacturing overhead costs were $2,750,000.
Fixed manufacturing overhead costs were $3,050,000.
Under the 3-variance method, the spending variance for December was
$10,000 F
$40,000 U
$50,000 U
$100,000 U
Question 5
6 / 6 pts
(TCO 10) If variable overhead is underallocated, this means the flexible-budget variance for variable
overhead is unfavorable.
True
False
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