The wages of a machine operator who is paid by the hour would be described as A.
Refer to the exhibit.
The standard variable cost per unit of Product W is $26. The budgeted sales of Product W in April was 3,300 units. The company recorded the following variances for the month of April:
During April 3,600 units of Product W were actually sold.
The budgeted contribution for Product W in April was to the nearest $000:
Refer to the exhibit.
A management accountant had prepared the following initial overhead analysis, showing the overhead allocated and apportioned to the three cost centres. The number of employees in each cost centre is also shown.
The service cost centre costs are now to be reapportioned to the production cost centres on the basis of the number of employees in each production cost centre. After the reapportionment has been completed, the total overhead cost of the Assembly department will be:
When preparing the material purchases budget, the quantity to be purchased equals:
Refer to the exhibit.
The budgetary control report for the latest period shows the following. Variances in brackets are adverse.
The sales volume contribution variance for the period was
The following list contains many different types of costs for a business. However, only four of them would be considered costs centres. Which four?
Refer to the exhibit.
A company manufactures a single product, and relevant data is as follows:
Note. Overheads are assumed to be related to direct labor hours.
The actual results for the period were as follows:
What is the variable overhead efficiency variance?
Refer to the exhibit.
Which is the correct journal entry required to record a favorable variable overhead expenditure variance in an integrated accounting system?
The correct journal entry required to record a favorable variable overhead expenditure variance in an integrated accounting system is:
Overhead allocation is best described as:
Refer to the exhibit.
In an integrated cost and financial accounting system, the accounting entries for factory overhead absorbed would be:
