10. Chmielewski Medical Clinic measures its activity in terms of patient-visits.

Question

10. Chmielewski Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,560 patient-visits and the actual level of activity was 1,530 patient-visits. The clinic's director budgets for variable overhead costs of $1.10 per patient-visit and fixed overhead costs of $19,900 per month. The actual variable overhead cost last month was $1,400 and the actual fixed overhead cost was $21,720. In the clinic's flexible budget performance report for last month, what would have been the variance for the total overhead cost? (Points : 2)

$33 F

$1,504 U

$1,537 U

$283 F

Question 11.11. Rodriques Tile Installation Corporation measures its activity in terms of square feet of tile installed. Last month, the budgeted level of activity was 1,630 square feet and the actual level of activity was 1,720 square feet. The company's owner budgets for supply costs, a variable overhead cost, at $3.40 per square foot. The actual supply cost last month was $6,750. In the company's flexible budget performance report for last month, what would have been the variance for supply costs? (Points : 2)

$353 U

$306 U

$902 U

$1,208 U

Question 12.12. Teall 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 th

What was the fixed overhead budget variance for the month? (Points : 2)

$4,000 unfavorable

$4,000 favorable

$570 favorable

$570 unfavorable

Question 13.13. Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. The company's variable overhead costs are driven by machine-hours.

What would be the total budgeted overhead cost for next month if the activity level is 2,400 machine-hours rather than 2,500 machine-hours? Assume that the activity levels of 2,500 machine-hours and 2,400 machine-hours are within the same relevant range. (Points : 2)

$59,830.00

$59,280.00

$60,380.00

$61,750.00

14.14. Riggs Enterprise's flexible budget cost formula for indirect materials, a variable cost, is $0.45 per unit of output. If the company's performance report for last month shows a $90 favorable variance for indirect materials and if 8,700 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been: (Points : 2)

$4,005

$3,915

$3,825

$3,735

Question 15.15. Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company's cost formula for variable manufacturing overhead is $4.60 per MH. The company had budgeted its fixed manufacturing overhead cost at $65,000 for the month. During the month, the actual total variable manufacturing overhead was $22,080 and the actual total fixed manufacturing overhead was $63,000. The actual level of activity for the period was 4,600 MHs. What was the total of the variable overhead spending and fixed overhead budget variances for the month? (Points : 2)

$1,080 unfavorable

$1,080 favorable

$920 unfavorable

$920 favorable

Explanation / Answer

10. Chmielewski Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,560 patient-visits and the actual level of activity was 1,530 patient-visits. The clinic's director budgets for variable overhead costs of $1.10 per patient-visit and fixed overhead costs of $19,900 per month. The actual variable overhead cost last month was $1,400 and the actual fixed overhead cost was $21,720. In the clinic's flexible budget performance report for last month, what would have been the variance for the total overhead cost? (Points : 2)

Variance for the total overhead cost = (Actual fixed overhead cost + Actual variable overhead cost ) -(actual level of activity *budgets for variable overhead costs + Budgeted fixed overhead costs )

Variance for the total overhead cost = (1400 + 21720) -(1530*1.1 + 19900)

Variance for the total overhead cost = $ 1537 Unfavorable

Answer

$1,537 U

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