Related Mcqs:

1. If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be _____________?

   A. 109.87
   B. $107.78
   C. $106.56
   D. $104.34

2. If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be __________?

   A. $20,000
   B. $76,000
   C. $86,000
   D. $96,000

3. An actual quantity of cost allocation base is $56000, budgeted quantity of cost allocation base is $17000, then the variable overhead efficiency variance is ___________?

   A. $39,000
   B. $49,000
   C. $59,000
   D. $73,000

4. If the budgeted annual manufacturing indirect cost is $2250000 and the cost allocation base is 2800 labor hour, then budgeted manufacturing overhead rate will be ___________?

   A. $803.571 per labor hour
   B. $805 per labor hour
   C. $905 per labor hour
   D. $802 per labor hour

5. If the budgeted direct labor hours are 3550 and direct labor cost rate is $500 per labor hour, then total direct labor cost would be __________?

   A. $1,775,000
   B. $1,675,000
   C. $1,875,000
   D. $1,975,000

6. If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be _____________?

   A. $4,730,000
   B. $3,730,000
   C. $2,730,000
   D. $1,730,000

7. Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as ____________?

   A. variable overhead spending variance
   B. fixed overhead spending variance
   C. constant spending variance
   D. potential spending variance

8. The budgeted variable overhead rate, is multiplied to an actual quantity of allocation base, is to calculate variable manufacturing cost of overheads in ___________?

   A. direct costing method
   B. indirect costing method
   C. actual costing method
   D. normal costing method

9. If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be __________?

   A. $182,500
   B. $152,500
   C. $162,500
   D. $172,500

10. If an actual variable quantity is 70, the actual and budgeted overhead cost of allocation is $8650 and $3500 respectively, then the variable overhead spending variance will be __________?

    A. $660,500
    B. $560,500
    C. $460,500
    D. $360,500