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Which of the following statements is true? 2 8 01:24:53 Multiple Choice Skipped eBook A planning budget is prepared before the period begins and is valid for only the actual level of activity, A planning budget is prepared after the period ends and is valid for only the planned level of activity. A planning budget is prepared before the period begins and is valid for only the planned level of activity, A planning budget is prepared after the period ends and is valid for only the actual level of activity 3 Assume that a company's planned level of activity was 3,500 units and its actual level of activity was 4.200 units. The spending variance for one of its mixed expenses was $900 favorable and its activity variance was $200 unfavorable. The total fixed and variable portions of this mixed cost included in the planning budget was $10.000 and $2.500, respectively. What is the cost formula for the variable portion of the mixed cost that the company uses for budgeting purposes? 90134 Street Mun Choice $0 40 per unit $0.50 per un 30.60 per un 50 70 per unit 4 Assume that a company's planning budget is based on 2.000 units and it actually produced and sold 2.500 units. Its planning budget is based on the assumption that 60% of its administrative expenses are fied and the remainder is variable. If the planning budget includes $12.000 of fored administrative expenses and the company's actual total administrative expense for the period is 519,000, then what is the amount of the administrative expense spending variance? 022433 Sed Multiple Choice $3.000 tavorable $5.000 favorable $2.000 untavorable o $5,000 untavoratie 5 Total budgeted fixed overhead cost for the Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output $276,000 60,000 56,000 58,000 3 0:24:23 The fixed portion of the predetermined overhead rate is closest to: Skipped eBook Multiple Choice $5.20 $4.80 be $5.57 $5.13 The standard cost per unit for all three variable manufacturing costs is computed in which of the following ways? 6 Multiple Choice 80124.15 Sipped Standard quantity of hours - standard price or tate eBook Standard quantity or hours standard price or rate Standard quantity or hours standard price or rate Standard quantity or hours * (standard price or rate - actual price or rate)

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