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(TCO 9) The Wiscow 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 total estimated cost for 2,600 machine hours using the high-low method to estimate the cost equation? (Points : 4)
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$9,730
$9,606
$9,106
$8,788
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Question 4.4. (TCO 8) Southern Company’s budgeted and actual sales for 2009 were:
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Product
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Budgeted Sales
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Actual Sales
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X
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20,000 units at $5.00 per unit
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17,500 units at $5.30 per unit
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Y
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35,000 units at $9.00 per unit
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37,300 units at $8.80 per unit
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What is the total sales variance for the two products? (Points : 4)
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$2,210 Favorable
$5,990 Favorable
$6,990 Favorable
$8,200 Favorable
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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 were $3.50 per piece). What is the material price variance? (Points : 4)
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$7,500 Favorable
$10,000 Favorable
$7,500 Unfavorable
$10,000 Unfavorable
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(PLEASE DOUBLE CHECK WORK/ANSWER AND MAKE SURE IT’S 110% CORRECT! FINAL ANSWER CAN ONLY BE SUBMITTED ONCE. THANK YOU!) 🙂
