BUS 252 Accounting Test Bank 22- California Lutheran University

148 The variable overhead efficiency variance for May is:
.

A. $328
F
B. $328
U
C. $320
F
D. $320
U

149 The variable overhead rate variance for May is:
.

A. $242
U
B. $250
F
C. $250
U
D. $242
F

Novelli Corporation makes a product whose variable overhead standards are based on
direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead
rate standard is $5.00 per hour. In September the company produced 1,600 units using
950 direct labor-hours. The actual variable overhead rate was $5.10 per hour.

150 The variable overhead efficiency variance for September is:
.

A. $51
U
B. $50
U
C. $51
F
D. $50
F

,151 The variable overhead rate variance for September is:
.

A. $95
F
B. $96
U
C. $95
U
D. $96
F

A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. Variable manufacturing overhead
standards are based on machine-hours.




The following data pertain to operations for the last month:




152 What is the variable overhead rate variance for the month?
.

A. $1,739
U
B. $595
F
C. $595
U
D. $1,739
F

,153 What is the variable overhead efficiency variance for the month?
.

A. $1,172
F
B. $567
F
C. $1,172
U
D. $1,144
U

The following standards for variable manufacturing overhead have been established for
a company that makes only one product:




The following data pertain to operations for the last month:




154 What is the variable overhead rate variance for the month?
.

A. $2,870
U
B. $2,870
F
C. $1,715
U
D. $1,715
F

155 What is the variable overhead efficiency variance for the month?
.

A. $1,680
F
B. $1,190
U
C. $1,155
U
D. $1,190
F

, Wall Corporation, which produces commercial safes, has provided the following data:




Supplies cost is an element of variable manufacturing overhead.

156 The variable overhead rate variance for supplies is closest to:
.

A. $52,966
U
B. $49,870
F
C. $52,966
F
D. $49,870
U

157 The variable overhead efficiency variance for supplies is closest to:
.

A. $3,096
F
B. $52,966
U
C. $52,966
F
D. $3,096
U

Zacher Corporation makes a product with the following standards for direct labor and
variable overhead:




In February the company's budgeted production was 6,900 units, but the actual
production was 7,000 units. The company used 1,980 direct labor-hours to produce this
output. The actual variable overhead cost was $10,296. The company applies variable
overhead on the basis of direct labor-hours.