A companys flexible budget for 21,000 units of production showed sales, $96,600; variable costs, $27,300;...
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Accounting
A companys flexible budget for 21,000 units of production showed sales, $96,600; variable costs, $27,300; and fixed costs, $24,000. The variable costs expected if the company produces and sells 24,000 units is:
Multiple Choice
$96,600.
$120,600.
$55,200.
$31,200.
$27,300.
Question 2:
Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance.
Direct labor standard (2 hours @ $13.40/hour)
$ 26.80
per finished unit
Actual direct labor hours
100,500
hours
Budgeted units
60,000
units
Actual finished units produced
49,500
units
Standard variable OH rate (2 hours @ $16.40/hour)
$ 32.80
per finished unit
Standard fixed OH rate ($588,000/60,000 units)
$ 9.80
per unit
Actual cost of variable overhead costs incurred
$ 1,618,600
Actual cost of fixed overhead costs incurred
$ 590,000
Multiple Choice
$295,200 unfavorable.
$24,600 favorable.
$5,000 unfavorable.
$5,000 favorable.
$24,600 unfavorable.
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