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1. Factory supervisors use their manufacturing overhead cost reports for the purpose of:
A. controlling direct labor costs
B. controlling selling and administration expense
C. controlling manufacturing overhead costs
2. What is the difference between a flexible budget and a flexible budget report?
A. The flexible budget is prepared only for units produced, while flexible budget report reflects the number of units sold.
B. The flexible budget shows budgeted costs at different levels of activity, while a flexible budget report compares budgeted to actual costs
C. The flexible budget contains only fixed costs, while the flexible budget contains only variable costs.
3. Cash Enterprises Inc's cost accounting system showed the following:
Expected Overhead: $550,000
Actual Overhead: $590,000
Actual Activity: 11,000 hours
Expected Activity: 10,000 hours
How much overhead will be assigned?
A. $605,000
B. $600,000
C. $536,363
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