7. Kingcade Corporation keeps careful track of the time required to fill orders.

Question

7. Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:

The manufacturing cycle efficiency (MCE) was closest to: (Points : 2)

     0.09
       0.12
       0.67
       0.04

12. Teall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:

What was the fixed overhead budget variance for the month? (Points : 2)

       $4,000 unfavorable
       $4,000 favorable
       $570 favorable
       $570 unfavorable

13. Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.

The company's variable overhead costs are driven by machine-hours.
What would be the total budgeted overhead cost for next month if the activity level is 2,400 machine-hours rather than 2,500 machine-hours? Assume that the activity levels of 2,500 machine-hours and 2,400 machine-hours are within the same relevant range. (Points : 2)

       $59,830.00
       $59,280.00
       $60,380.00
       $61,750.00

14.

Riggs Enterprise's flexible budget cost formula for indirect materials, a variable cost, is $0.45 per unit of output. If the company's performance report for last month shows a $90 favorable variance for indirect materials and if 8,700 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been: (Points : 2)

       $4,005
       $3,915
       $3,825
       $3,735

What was the fixed overhead budget variance for the month? (Points : 2)

Explanation / Answer

7.0.04 (1.1/sum)

12.$4000 unfavourable

13..$59280 .($61750*24/25)

14. $3825 (8700*0.45-90)

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