29 Jun Question 101. Mandy Company has the following direct labor costs last month:
Question
101. Mandy Company has the following direct labor costs last month:
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What was Mandy’s direct labor flexible-budget variance?
A. $15,120 unfavorable.
B. $20,800 unfavorable.
C. $36,720 favorable.
D. $42,480 favorable.
E. $79,920 favorable.
102. A company’s flexible budget for 15,000 units of production showed sales of $48,000; variable costs of $18,000; and fixed costs of $12,000. The operating income in the master budget for 20,000 units is:
A. $8,000.
B. $13,500.
C. $24,000.
D. $28,000.
E. $30,000.
103. A company’s master budget for October is to manufacture and sell 30,000 units for a total of $270,000 with total variable costs of $180,000 and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units and generated $45,000 of operating income in October. The flexible-budget operating income in October is:
A. $27,000.
B. $70,400.
C. $72,000.
D. $83,520.
E. $86,400.
104. A company’s master budget for October is to manufacture and sell 30,000 units for a total of $270,000 with total variable costs of $180,000 and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units and generated $45,000 of operating income in October. The operating income flexible-budget (FB) variance is:
A. $3,600 unfavorable.
B. $6,000 unfavorable.
C. $15,400 unfavorable.
D. $21,000 unfavorable.
E. $27,000 unfavorable.
105. A company’s master budget for October is to manufacture and sell 30,000 units for a total of $270,000 with total variable costs of $180,000 and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units and generated $45,000 of operating income in October. The sales volume variance, in terms of operating income, for October is:
A. $3,600 favorable.
B. $6,000 favorable.
C. $15,400 favorable.
D. $21,000 favorable.
106. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The actual amount of operating income earned in September was:
A. $15,000.
B. $40,000.
C. $63,000.
D. $78,000.
E. $105,000.
107. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The total amount of variable costs in the flexible budget for September was:
A. $129,000.
B. $192,000.
C. $200,000.
D. $208,000.
E. $255,000.
108. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U); and, sales volume variance, in terms of contribution margin, $27,000U). The amount of operating income in the flexible budget (FB) for September was:
A. $40,000.
B. $48,000.
C. $56,000.
D. $70,000.
E. $78,000.
109. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U.The budgeted fixed cost is:
A. $30,000.
B. $45,000.
C. $71,000.
D. $78,000.
E. $93,000.
110. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The sales volume variance, in terms of operating income, is:
A. $20,000 unfavorable.
B. $27,000 unfavorable.
C. $36,000 unfavorable.
D. $75,000 unfavorable.
E. $90,000 unfavorable.
111. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The master budget operating income for September was:
A. $78,000.
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