Question Details

BUSN 278 Week 6 Quiz
1.	Question :	(TCO 9) Which of the following is a variable cost?

 	

Question 2.	Question :	(TCO 9) Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?

 	

Question 3.	Question :	(TCO 9) The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours. The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours. What is the fixed cost using the high-low method to estimate the cost equation?

 	
Question 4.	Question :	(TCO 8) Southern Company- budgeted and actual sales for 2009 were:
 
Product	Budgeted Sales	Actual Sales
X	20,000 units at $5.00 per unit	17,500 units at $5.30 per unit
Y	35,000 units at $9.00 per unit	37,300 units at $8.80 per unit

 
What is the sales price variance for the two products?

 	

Question 5.	Question :	(TCO 8) Southern Company manufactures Product X.  The standard cost of one unit of output is $12.00 (four pieces at $3.00 per piece).  During the first quarter, 5,000 units were made, at an actual cost of $10.50 per unit (three pieces at $3.50 per piece).  What is the material quantity variance?