The standard raw material cost for a unit of production is 2 kg at $4.00 per kg. Purchases fora period were 13,000 kg at an actual cost of $4.50 per kg. Raw material inventory, which isvalued at standard cost, increased by $8,000 in the period. Budgeted production for theperiod was 6,000 units but actual production was only 5,000 units.What was the raw material usage variance for the period?

1 .A company operates a standard absorption costing system. The standard fixed productionoverhead rate is $15 per hour.The following data relate to last month:Actual hours worked 5,500Budgeted hours 5,000Standard hours for actual production 4,800What was the fixed production overhead capacity variance?

A $7,500 adverse B $7,500 favourable C $10,500 adverse D $10,500 favourable

题型: 单选题 提问时间: 2021-08-23

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2 .Last month 27,000 direct labour hours were worked at an actual cost of $236,385 and thestandard direct labour hours of production were 29,880. The standard direct labour cost perhour was $8·50.What was the labour efficiency variance?

A $17,595 Adverse B $17,595 Favourable C $24,480 Adverse D $24,480 Favourable

题型: 单选题 提问时间: 2021-08-23

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3 .Last month a company’s budgeted sales were 5,000 units. The standard selling price was $6per unit with a standard contribution of $0.60 for every $1 of sales. Actual sales were 4,650units with total revenue of $30,225.What were the favourable sales price and adverse sales volume contribution variances?Sales price Sales volume contribution $ $

A 2,325 1,260 B 2,500 1,260 C 2,325 2,100 D 2,500 2,100

题型: 单选题 提问时间: 2021-08-23

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4 .A company uses standard absorption costing. The following data relate to last month: Budget ActualSales and production (units) 1,000 900 Standard Actual $ $Selling price per unit 50 52Total production cost per unit 39 40What was the adverse sales volume profit variance last month?

A $1,000 B $1,100 C $1,200 D $1,300

题型: 单选题 提问时间: 2021-08-23

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5 .A company operates a standard marginal costing system. Last month actual fixed overheadexpenditure was 2% below budget and the fixed overhead expenditure variance was $1,250.What was the actual fixed overhead expenditure for last month?

A $61,250 B $62,475 C $62,500 D $63,750

题型: 单选题 提问时间: 2021-08-23

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7 .A company sold 20,000 units in a period when budgeted sales were 18,000 units.On an absorption costing basis the sales volume profit variance for the period had a value of$10,000. The standard fixed overhead absorption rate was $4·00 per unit.What would the sales volume contribution variance be on a marginal costing basis?

A $2,000 adverse B $2,000 favourable C $18,000 adverse D $18,000 favourable

题型: 单选题 提问时间: 2021-08-23

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8 .A company uses production labour hours to absorb its fixed production overheads. A strikeby its workforce results in a loss of 30% of the period’s budgeted production labour hours.Which of the following variances will occur as a result of the loss in production labourhours?

A Adverse fixed overhead capacity variance B Adverse fixed overhead efficiency variance C Adverse direct labour efficiency variance D Adverse direct labour rate variance

题型: 单选题 提问时间: 2021-08-23

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9 .What is the sales price variance?

A $5,200 adverse B $5,000 favourable C $5,200 favourable D $7,200 favourable

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10 .What is the sales volume profit variance?

A $800 favourable B $1,000 favourable C $6,000 favourable D $7,200 adverse

题型: 单选题 提问时间: 2021-08-23

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