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1 Assume that a company's revenue in its flexible budget is $76,000 its actual amount of revenue is 570 200 and the amount of revenue in the company's planning budget is $78.000. The amount of the revenue voriance is 013946 Multiple Choke $7900 $5,800 o $5.800 F $3.800 Which of the following statements is true? 2 8 01:59 35 Multiple Choice eBook A planning budget is prepared before the period begins and is valid for only the actual level of activity A planning budget is prepared after the period ends and is valid for only the planned level of activity. A planning budget is prepared before the period begins and is valid for only the planned level of activity O A planning budget is prepared after the period ends and is valid for only the actual level of activity 3 Assume that a company's planned level of activity was 3,500 units and its actual level of activity was 4.200 units. The spending variance for one of its mixed expenses was $900 favorable and its activity variance was $200 unfavorable. The total fixed and variable portions of this mixed cost included in the planning budget was $10,000 and $2,100, respectively. What is the cost formula for the variable portion of the mixed cost that the company uses for budgeting purposes? 3123 . Multiple Choice $0.40 per un 30.50 per una 50 60 per unit 50 70 per unit 4 Assume that a company's planning budget is based on 2,000 units and it actually produced and sold 2500 units. Its planning budget is based on the assumption that 60% of its administrative expenses are fixed and the remainder is variable. If the planning budget Includes $12.000 of fixed administrative expenses and the company's actual total administrative expense for the period is $19,000, then what is the amount of the administrative $ expense spending variance? S0126 800 Multiple Choice $3,000 favorable $5.000 favorable $2,000 untavorable $5,000 unfavorable 0 5 Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output $312,000 $276,000 60,000 56,000 58,000 8 015903 The fixed portion of the predetermined overhead rate is closest to BOOK Multiple Choice $5.20 $4.80 o $5.57 $5.13 The standard cost per unit for all three variable manufacturing costs is computed in which of the following ways? 6 Multiple Choice 01:58:40 eBook O Standard quantity or hours - standard price or rate Standard quantity or hours standard price or rate O Standard quantity or hours + standard price of rate Standard quantity or hours (standard price or rate - actual price or rate)

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