# Accounting MCQ'S With Solutions !! - 25939

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## Medwin

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1.  Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?

A-  Direct materials cost

B-  Direct labor cost

2.  The Chambers 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 variable cost per machine hour using the high-low method to estimate the cost equation?

\$2.78

\$2.86

\$3.10

\$3.38

3.  Southern Company’s budgeted and actual sales for 2009 were:

Product:

X

Y

Budgeted Sales

X-20,000 Units at \$5.00 per unit

Y-35,000 Units at \$9.00 per unit

Actual Sales:

X-17,500 Units at \$5.30 per unit

Y-17,300 Units at \$8.30 per unit

What is the total sales variance for the two products?

A-   \$2,210 Favorable

B-   \$5,990 Favorable

C-   \$6,990 Favorable

D-   \$8,200 Favorable

4.  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?

A-   \$7,500 Favorable

B-   \$10,000 Favorable

C-   \$7,500 Unfavorable

D-   \$10,000 Unfavorable

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