题目

A company has budgeted to make and sell 4,200 units of product X during the period.

The standard fixed overhead cost per unit is $4.

During the period covered by the budget, the actual results were as follows.

Production and sales                           5,000units

Fixed overhead incurred                       $17,500

What are the fixed overhead variances for the period?

A

Fixed overhead                      Fixed overhead 

 expenditure variance            volume variance 

 $700 (F)                                $3,200 (F) 

B

Fixed overhead                      Fixed overhead 

expenditure variance             volume variance 

 $700 (F)                                  $3,200 (A) 

C

Fixed overhead                      Fixed overhead 

expenditure variance             volume variance 

 $700 (A)                                  $3,200 (F) 

D

Fixed overhead                      Fixed overhead 

expenditure variance             volume variance 

 $700 (A)                                  $3,200 (A) 

Chapter21Performancemeasurement

Fixed overhead expenditure variance

                                                                                                                        $

Budgeted fixed overhead expenditure (4,200 units x $4 per unit)             16,800

Actual fixed overhead expenditure                                                            17,500

Fixed overhead expenditure variance                                                       700 (A)

The variance is adverse because the actual expenditure was higher than the amount budgeted.

Fixed overhead volume variance

                                                                                                              $

Actual production at standard rate (5,000 x $4 per unit)                   20,000

Budgeted production at standard rate (4,200 x $4 per unit)             16,800

Fixed overhead volume variance                                                      3,200(F)

The variance is favourable because the actual volume of output was greater than the budgeted volume of output.

If you selected an incorrect option you misinterpreted the direction of one or both of the variances.

多做几道

A company uses a standard absorption costing system. Last month budgeted production was 8,000 units and the standard fixed production overhead cost was $15 per unit. Actual production last month was 8,500 units and the actual fixed production overhead cost was $17 per unit.What was the total adverse fixed production overhead variance for last month?

A

$7,500

B

$16,000

C

$17,000

D

$24.500

A cost centre had an overhead absorption rate of $4.25 per machine hour, based on a budgeted activity level of 12,400 machine hours.In the period covered by the budget, actual machine hours worked were 2% more than the budgeted hours and the actual overhead expenditure incurred in the cost centre was $56,389.What was the total over or under absorption of overheads in the cost centre for the period?

A

$1,054 over absorbed

B

$2,635 under absorbed

C

$3,689 over absorbed

D

$3,689 under absorbed

Which of the following would help to explain a favourable direct labour efficiency variance?

(i) Employees were of a lower skill level than specified in the standard

(ii) Better quality material was easier to process

(iii) Suggestions for improved working methods were implemented during the period

A

(i), (ii) and (iii)

B

(i) and (ii) only

C

(ii) and (iii) only

D

(i) and(II) only

Which of the following statements is correct?

A

An adverse direct material cost variance will always be a combination of an adverse material price variance and an adverse material usage variance

B

An adverse direct material cost variance will always be a combination of an adverse material price variance and a favourable material usage variance

C

An adverse direct material cost variance can be a combination of a favourable material price variance and a favourable material usage variance

D

An adverse direct material cost variance can be a combination of a favourable material price variance and an adverse material usage variance

The following information relates to labour costs for the past month:

Budget                 Labour rate                      $10 per hour

                            Production time                15,000 hours

                           Time per unit                     3 hours

                           Production units                5,000 units 

Actual                Wages paid                       $176,000

                          Production                         5,500 units 

                        Total hours worked             14,000 hours

There was no idle time.

What were the labour rate and efficiency variances? 

A

Rate variance                 Efficiency variance

$26,000 Adverse           $25,000 Favourable

B

Rate variance                 Efficiency variance

 $26,000 Adverse           $10,000 Favourable

C

Rate variance                 Efficiency variance

 $36,000 Adverse           $2,500 Favourable

D

Rate variance                 Efficiency variance

 $36,000 Adverse           $25,000 Favourable

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