1. Machain Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's cost formula for variable overhead cost is $2.90 per machine hour. The actual variable overhead cost for the month was $15,270. The original budget for the month was based on 5,000 machine hours. The company actually worked 5,090 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 5,200 machine-hours. What was the variable overhead efficiency variance for the month?
A. $580 unfavorable
B. $190 unfavorable
C. $509 unfavorable
D. $319 favorable
2. Company's standards call for 750 direct labor-hours to produce 500 units. During May, 400 units were produced. The company worked 650 direct labor hours. The standard hours allowed for May production would be:
A. 750 hours
B. 650 hours
C. 600 hours
D. 100 hours
3. Davison Inc. consists of two districts, A and B. The company as a whole had sales of $400,000, a contribution margin ratio of 25% and a combined segment margin totaling $35,000. District A had sales of $90,000 during May, a contribution margin ratio of 45%, and a segment margin of $16,000. If the net operating income of Davison Inc. for May is $12,000, the traceable fixed expenses in District B must have seen:
This question was answered on: Sep 16, 2020
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