Unit 6 Chapter 9 Quiz (ACCT211H)

School: Post University - Course: ACCT 211H - Subject: Accounting

Unit 6 Chapter 9 Quiz(ACCT211H) 1.Sharifi Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits7,000 Budgeted variable overhead costs: Supplies (@$5.90 per patient-visit)$ 41,300 Laundry (@$8.90 per patient-visit)62,300 Total variable overhead cost103,600 Budgeted fixed overhead costs: Wages and salaries54,650 Occupancy costs86,850 Total fixed overhead cost141,500 Total budgeted overhead cost$ 245,100 The total overhead cost at an activity level of 7,700 patient-visits per month should be :$ 255,460 Set 1 Set 2 Set 3 Set 4

2.Wember Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $650 per month plus $79 per job plus $15 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in September to be 20 jobs and 150 meals, but the actual activity was 16 jobs and 147 meals. The actual cost for catering supplies in September was $3,940. The catering supplies in the planning budget for September would be closest to:$4,480 3.Pittman Framing's cost formula for its supplies cost is $1,110 per month plus $11 per frame. For the month of November, the company planned for activity of 621 frames, but the actual level of activity was 611 frames. The actual supplies cost for the month was $8,250. The spending variance for supplies cost in November would be closest to:$419 U 4.Herrod Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $490 per month plus $109 per job plus $29 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in December to be 19 jobs and 129 meals, but the actual activity was 12 jobs and 112 meals. The actual cost for catering supplies in December was $5,630. The spending variance for catering supplies in December would be closest to:584 U

5.The following labor standards have been established for a particular product: Standard labor-hours per unit of output8.5 hours Standard labor rate$ 12.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked6,300hours Actual total labor cost$ 74,970 Actual output800 units What is the labor efficiency variance for the month?$6,150 F 6.Piper Corporation's standards call for 7,800 direct labor-hours to produce 1,950 units of product. During October the company worked 1,850 direct labor-hours and produced 1,300 units. The standard hours allowed for October would be: (Round your intermediate calculations to 1 decimal place.)5,200 hours