$16,093 F $19,225 U $19,225 F $16,625 F ----------------------------------- Liza
ID: 2480184 • Letter: #
Question
$16,093 F
$19,225 U
$19,225 F
$16,625 F
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Lizana Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,280 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December
Data used in budgeting:
$45,200
$18.00
Actual results for December:
The activity variance for net operating income in December would be closest to:
$4,711 F
$346 F
$346 U
$4,711 U
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The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
$8,200 F
$8,364 U
$8,200 U
$8,364 F
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Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,600 units, but its actual level of activity was 6,550 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October:
Data used in budgeting:
$61,400
$22.20
Actual results for October:
The revenue variance in October would be closest to:
$1,545 U
$160 U
$160 F
$1,545 F
The following labor standards have been established for a particular product:Explanation / Answer
ANSWER 1
SH = 8.7*900= 7830 HOURS
SR = $12.5 PER HOUR
AH = 6500 HOURS
AR = $12.1 PER HOUR
LABOR EFFECIENCY VARIANCE
(SH-AH)*SR
(7830-6500)*12.5 = $ 16625 F
ANSWER 3
MATERIAL QUANTITY VARIANCE = (SQ-AQ)*SP
(5900*5.1- 28450)* 5 = (30090-28450)*5 = 8200 (F)
Answer 4
REVENUE VARIANCE = 34.10*6550- 224900
= 223355-224900
= $ 1545( UNFAV)
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