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Catégorie :Category: mViewer GX Creator App HP-Prime
Auteur Author: superyerr12
Type : Application
Page(s) : 16
Taille Size: 734.82 Ko KB
Mis en ligne Uploaded: 05/05/2021 - 06:51:00
Mis à jour Updated: 05/05/2021 - 06:51:18
Uploadeur Uploader: superyerr12 (Profil)
Téléchargements Downloads: 1
Visibilité Visibility: Archive publique
Shortlink : http://ti-pla.net/a2735248

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1.The following labor standards have been established for a particular product:

Standard labor-hours per unit of output ............. 8.0 hours
Standard labor rate ............................................. $13.10 per hour


Actual hours worked ............ 4,000 hours
Actual total labor cost .......... $53,000
Actual output ........................ 400 units
What is the labor efficiency (RIGHT) variance for the month?
A) $10,600 U Actual output 400 * Standard labor-hours 8.0 = 3200
3200 – 4000 = -800
-800 * Standard labor rate $13.10 = -10,480

(4,000 hours * 13.10) – [(400 * 8.0) * 13.10] = 52400 - 41920
B) $11,080 U
C) $11,080 F
D) $10,480 U

2.The direct labor standards for a particular product are:

4 hours of direct labor @ $12.00 per direct labor-hour = $48.00

During October, 3,350 units of this product were made, which was 150 units less than budgeted. The labor cost incurred
was $159,786 and 13,450 direct labor-hours were worked. The direct labor variances for the month were:

Labor Rate (LEFT) Labor Efficiency (RIGHT)
Variance Variance
A) $1,614 U $600 U
B) $1,614 U $600 F
C) $1,614 F $600 U
D) $1,614 F $600 F
3. The following standards for variable manufacturing overhead have been established for a company that makes only one
product:

Standard hours per unit of output .............. 2.8 hours
Standard variable overhead rate ................ $16.30 per hour

The following data pertain to operations for the last month:

Actual hours ................................................ 7,600 hours
Actual total variable overhead cost ............. $127,300
Actual output ............................................... 2,500 units
What is the variable overhead spending (LEFT) variance for the month?
A) $3,420 U 127,300/7600 = 16.75
7,600 * 16.75 = 127,300
7,600 * 16.30 = 123,880
127,300 – 123,880 = 3420
Review Sheet Final Examination 1
4. Suski 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:

Budgeted level of activity ..................................... 7,400 MHs
Actual level of activity .......................................... 7,500 MHs
Cost formula for variable overhead cost ............... $5.90 per MH
Budgeted fixed overhead cost ............................... $60,000
Actual total variable overhead .............................. $42,750
Actual total fixed overhead ................................... $61,000
What was the variable overhead spending (LEFT) variance for the month?
A) $1,500 favorable 42,750/7500 = 5.7 7,500 hours * 5.7 = $42,250
7,500 hours * 5.9 = $44,250
42,250 – 44,250 = $1,500 U
B) $590 unfavorable
C) $910 favorable
D) $1,000 unfavorable

Use the following to answer questions 5-6:
Standard Company has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs)
as follows:
Standard overhead costs per unit:
Variable portion ............. 2 DLHs @ $3 per DLH = $6
Fixed portion.................. 2 DLHs @ $5 per DLH = $10
The following data pertain to operations in April:
Actual output ................................................... 80,000 units
Actual direct labor cost .................................... $644,000
Actual direct labor-hours worked .................... 165,000 DLHs
Variable overhead cost incurred ...................... $518,000
Fixed overhead cost incurred ........................... $860,000

5. The variable overhead spending (LEFT) variance for April was:
518,000/165,000 = 3.14
165,000 hours * 3.14 = $518,100
165,000 hours * 3 = $495,000
518,000-495,000 = $23,000 U
B) $23,000 unfavorable
C) $38,000 favorable
D) $38,000 unfavorable

6. The variable overhead efficiency (RIGHT) variance for April was:
A) $15,000 unfavorable Actual output 80,000 * Standard labor-hours 2 = 160,000
160,000 – 165,000 Actual hours worked = -5000
-5000 * Standard labor rate $3 = -15000

B) $23,000 unfavorable
C) $38,000 favorable
D) $38,000 unfavorable

7. Marley Company makes three products (X, Y, & Z) with the following characteristics:
Product
X Y Z
Selling price per unit ................................. $10 $15 $20
Variable cost per unit ................................ $6 $10 $10
Machine hours per unit ............................. 2 4 10
2 Review Sheet Final Examination--Revised
The company has a capacity of 2,000 machine hours, but there is virtually unlimited demand for each product. In order to
maximize total contribution margin, how many units of each product should the company produce?
A) 2,000 units of X, 500 units of Y, and 200 units of Z
B) 0 units of X, 0 units of Y, and 200 units of Z
C) 0 units of X, 500 units of Y, and 0 units of Z
D) 1,000 units of X, 0 units of Y, and 0 units of Z

Use the following to answer questions 8:
The Talbot Company makes wheels that it uses in the production of bicycles. Talbot's costs to produce 100,000 wheels annually are:
Direct materials ........................................ $30,000
Direct labor............................................... $50,000
Variable overhead .................................... $20,000
Fixed overhead ......................................... $70,000
An outside supplier has offered to sell Talbot similar wheels for $1.25 per wheel. If the wheels are purchased from the outside
supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company
for $45,000 per year.

8. If Talbot chooses to buy the wheel from the outside supplier, then the change in annual net operating income due to
accepting the offer is a:
A) $35,000 increase
B) $10,000 decrease
C) $45,000 increase
D) $70,000 increase

Use the following to answer questions 9:
The following are the Jensen Company's unit costs of making and selling an item at a volume of 1,000 units per month (which
represents the company's capacity):
Manufacturing:
Direct materials ........................................... $1.00
Direct labor .................................................. $2.00
Variable overhead ........................................ $0.50
Fixed overhead ............................................ $0.40
Selling and Administrative:
Variable ....................................................... $2.00
Fixed ............................................................ $0.80
Present sales amount to 700 units per month. An order has been received from a customer in a foreign market for 100 units. The
order would not affect current sales. Jensen's total fixed costs, both manufacturing and selling and administrative, are constant within
the relevant range between 700 units and 1,000 units. The variable selling and administrative expenses would have to be incurred on
this special order as well as for all other sales.

9. How much will the company's profits be increased or (decreased) if it prices the 100 units at $7 each?
100 * 7 = 700
Direct material (100*1) 100
Direct labor (100*2) 200
Variable overhead (100*.50) 50
Variable s/a expense (100*2) 200
Total incremental cost 550
Incremental profit (loss) 150
B) $150




Review Sheet Final Examination 3
Use the following to answer questions 10-11:

The Wester Company produces three products with the following costs and selling prices:

Product...

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