THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company determined the following standards on January 1. Direct materials Direct labor Variable overhead Fixed overhead Units produced Direct materials purchased Direct materials used The fixed overhead rate was based on budgeted production of 54,000 units. The actual results for the year were as follows Direct labor Variable overhead Fixed overhead 5 lbs per unit 0.75 DL hrs per unit 0.75 DL hrs per unit 0.75 DL hrs. per unit $2.00 per lb. $18.00 per DL hr $3.00 per DL hr $4.00 per DL hr Example $12,345 Favorable 53,000 units 274,000 lbs. at $2.50 per lb. 270,300 lbs. 40,100 DL hrs. at $17.95 per DL hr $122,000 $161,700 Note: For each variance, the first blank will be the dollar amount of the variance. Give your answer using dollar signs and commas but no decim label the variance as either favorable or unfavorable 4 Determine the fixed overhead spending variance, and Label the variance as either favorable or unfavorable

Choose the term that best describes static data? O Static data does not change once it is created. O Static data may change after it is recorded. O Static data is like a website. O Static data is very difficult to record.

AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…

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