Managerial accounting Study Set 9
Quiz 10: Standard Costs and Overhead Analysis
What Was the Total Standard Cost for Variable Overhead for May? A
What was the total standard cost for variable overhead for May? A) $40,000. B) $50,000. C) $56,000. D) $60,000.
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What are the standard hours allowed to make one unit of finished product? A) 1.0 hours. B) 1.2 hours. C) 1.5 hours. D) 2.0 hours.
What was the variable overhead spending variance for the month? A) $1,715 favourable. B) $1,715 unfavourable. C) $2,870 favourable. D) $2,870 unfavourable.
What was the variable overhead efficiency variance for the month? A) $1,155 unfavourable. B) $1,190 favourable. C) $1,190 unfavourable. D) $1,680 favourable.
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