(TCO 9) Which of the following is a variable cost...

1. (TCO 9) Which of the following is a variable cost? (Points : 4)
Direct materials
Depreciation
Lease charge
Property taxes


Question 2.2. (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? (Points : 4)
Direct materials cost
Direct labor cost
Variable manufacturing overhead
Fixed manufacturing overhead


Question 3.3. (TCO 9) The Chambers 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 variable cost per machine hour using the high-low method to estimate the cost equation? (Points : 4)
$2.78
$2.86
$3.10
$3.38


Question 4.4. (TCO 8) Southern Company’s 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 volume variance for the two products? (Points : 4)
$6,990 Favorable
$8,200 Favorable
$6,990 Unfavorable
$8,200 Unfavorable


Question 5.5. (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 total material variance? (Points : 4)
$7,500 Favorable
$15,000 Favorable
$7,500 Unfavorable
$15,000 Unfavorable