Haley Fans manufactures and distributes circulators.The standard and actual costs for the manufacture of circulators are as follows: $\begin{array}{|l|l|} \hline {\text { Standard Costs }} &{\text { Actual Costs }} \\ \hline \text { Variable cost, } \$ 24 \text { per unit } & \text { Total variable cost, } \$ 12,300 \\ \hline \text { Fixed cost, } \$ 40 \text { per unit } & \text { Total fixed cost, } \$ 19,250 \\ \hline \end{array}$ Budgeted factory overhead was $32,000.Overhead applied is based on the number of circulator units produced.The company estimated that 500 circulators would be produced, however only 480 were produced.How much is budgeted fixed overhead for the year?

A) $30,720 B) $19,200 C) $20,000 D) $12,000 A) $30,720 B) $19,200 C) $20,000 D) $12,000

Blue Box Beach Chairs has the following standards to make beach chairs: \[\begin{array} { l c c } & \text { Standard Quantity } & \text { Standard Price } \\ \text { Direct materials } & 2.2 \text { pounds of polywood per chair }& \$ 3.50 \text { per pound } \\ \text { Direct labor } & 0.65 \text { hours per chair } & \$ 13.00 \text { per hour } \end{array}\] The static budget was based on the production of 6,200 beach chairs.The company used 13,000 pounds of polywood in order to make 6,000 chairs in April.The company purchased 7,000 pounds of polywood at a total cost of $24,150.How much is the direct materials price variance?

A) $700 favorable B) $2,240 favorable C) $350 favorable D) $1,050 favorable A) $700 favorable B) $2,240 favorable C) $350 favorable D) $1,050 favorable

Eminem, Inc.manufactures music CDs.At the start of 2017, Eminem planned to produce 108,000 CDs for which the standard cost for each CD is: $\begin{array}{lr} \text { Plastic (0.25 pounds at } \$ 6.00 \text { per pound) } & \$ 1.50 \\ \text { Labor }(0.10 \text { hour at } \$ 12.00 \text { per hour) } & 1.20 \\ \text { Overhead ( } \$ 0.80 \text { fixed and } \$ 0.60 \text { variable) } & \underline{1.40} \\ \text { Total } & \$ \underline{\underline{4.10}} \end{array}$ Overhead is allocated based on the number of units produced.Eminem isolates material purchase variances at the point of purchase.The following information summarizes Eminem's results for 2017: $\begin{array}{lr} \text { Actual production } & 110,000 \text { CDs } \\ \text { Actual variable overhead } & \$ 65,000 \\ \text { Actual fixed overhead } & \$ 83,000 \end{array}$ How much is the controllable overhead variance for 2017?

A) $4,400 favorable B) $1,600 favorable C) $6,000 favorable D) $5,000 favorable A) $4,400 favorable B) $1,600 favorable C) $6,000 favorable D) $5,000 favorable

Siggy Inc.budgeted 12,000 and produced 11,000 tape dispensers during June.Resin used to make the dispensers is purchased by the pound.Manufacturing overhead is applied based on units produced.Manufacturing standards and actual costs follow: $\begin{array}{|l|c|c|}\hline & \text { Standards } & \text { Actual } \\ \hline \text { Materials } & 2 \text { pounds } @ \$ 5.00 \text { a pound } & 20,900 \text { pounds } @ \$ 4.90 \text { per pound } \\ \hline \text { Labor } & 0.25 \text { hours } @ \$ 15.00 \text { per hour } & 2,700 \text { hours } @ \$ 15.30 \text { per hour } \\\hline \text { Variable overhead } & \$ 39,000 & \$ 36,500\\ \hline \text { Fixed overhead } & \$ 1.50 \text { per dispenser } & \$ 17,250 \\ \hline \end{array}$ How much is the standard cost of a tape dispenser?

A) $18.50 B) $13.75 C) $24.75 D) $18.80 A) $18.50 B) $13.75 C) $24.75 D) $18.80

Hanson produces pressure washers.The detail for the overhead estimates follows: $\begin{array}{lrr}\text { Variable Overhead } &\text { Budget }(\alpha) 60,000 \text { units } & \text { Actual Costs }\\\hline \text { Indirect materials } & \$ 480,000 & \$ 469,500 \\ \text { Utilities } & 120,000 & 93,000 \\ \text { Maintenance } & 180,000 & 224,000 \\ \text { Total variable overhead }&780,000&786,500\\\\\text { Fixed Overhead }\\\hline \text { Supervisor salaries } & 125,000 & 127,000 \\ \text { Depreciation } & 150,000 & 145,000 \\ \text { Other fixed overhead } & 25,000 & 26,000 \\ \text { Total fixed overhead } &{300,000}&{298,000} \\\text { Total overhead costs } & \$ 1,080,000 & \$ 1,084,500 \end{array}$ Actual production for the year totaled 62,000 units.How much is the overhead volume variance?

A) $72,000 favorable B) $77,580 favorable C) $63,940 favorable D) $74,000 favorable A) $72,000 favorable B) $77,580 favorable C) $63,940 favorable D) $74,000 favorable

Eminem, Inc.manufactures music CDs.At the start of 2017, Eminem planned to produce 108,000 CDs for which the standard cost for each CD is: $\begin{array}{lr} \text { Plastic (0.25 pounds at } \$ 6.00 \text { per pound) } & \$ 1.50 \\ \text { Labor }(0.10 \text { hour at } \$ 12.00 \text { per hour) } & 1.20 \\ \text { Overhead ( } \$ 0.80 \text { fixed and } \$ 0.60 \text { variable) } & \underline{1.40} \\ \text { Total } & \$ \underline{\underline{4.10}} \end{array}$ Overhead is allocated based on the number of units produced.Eminem isolates material purchase variances at the point of purchase.The following information summarizes Eminem's results for 2017: $\begin{array}{lr} \text { Actual production } & 110,000 \text { CDs } \\ \text { Actual variable overhead } & \$ 65,000 \\ \text { Actual fixed overhead } & \$ 83,000 \end{array}$ How much is the overhead volume variance for 2017?

A) $4,400 favorable B) $1,600 favorable C) $1,200 unfavorable D) $3,200 favorable A) $4,400 favorable B) $1,600 favorable C) $1,200 unfavorable D) $3,200 favorable