# Multiple choice budgeting and forecasting questions

Aug 16th, 2015
FratBro23
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Price: \$5 USD

Question description

 (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)

\$9,730
\$9,606
\$9,106
\$8,788

Question 4.4. (TCO 8) Southern Company’s budgeted and actual sales for 2009 were:

 Product Budgeted Sales Actual Sales X 20,000 units at \$5.00 per unit 17,500 units at \$5.30 per unit Y 35,000 units at \$9.00 per unit 37,300 units at \$8.80 per unit

What is the total sales variance for the two products? (Points : 4)

\$2,210 Favorable
\$5,990 Favorable
\$6,990 Favorable
\$8,200 Favorable

 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)

\$7,500 Favorable
\$10,000 Favorable
\$7,500 Unfavorable
\$10,000 Unfavorable

(PLEASE DOUBLE CHECK WORK/ANSWER  AND MAKE SURE IT'S 110% CORRECT! FINAL ANSWER CAN ONLY BE SUBMITTED ONCE. THANK YOU!)  :)

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