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Data from which of the following goes into the budgeted income statement Select one: O a. Sales budget O b. Cost of goods sold budget O c. Sales and administrative salaries budget O d. All of the above Units needed are a part of the Select one: O a. Sales budget O b. Production budget O c. Budgeted income statement O d. None of the above Supervisory salaries are in the Select one: O a. Direct labor budget O b. Direct materials budget O c. Manufacturing overhead budget d. None of the above Desired ending inventory is a part of the Select one: O a. Sales budget O b. Manufacturing overhead budget O c. Production budget O d. None of the above Advertising is in the Select one: O a. Selling and administrative budget O b. Cost of goods sold budget O c. Direct labor budget O d. None of the above Quincy LLC produces kayaks. Overhead information is gathered with respect to a computer driver saw: setups. number of setups, quality control, and number of quality control inspections. Setups is Select one: O a. An activity O b. A driver O c. Neither A nor B Lines, Inc. applies overhead at the standard rate of $20/unit, based on anticipated production of 2.000 units of Line's actual overhead is $41,000, the overhead volume variance is: Select one: O a, 1.000 favorable O b. 1.000 unfavorable O c. cannot tell from data given O d. none of the above A company has determined that the standard for materials is 10 ft at $5 per square foot. If a process produces 1000 units and uses 11 ft.per unit at $5.20 per square foot the materials price variance is Select one: 0 a $5000 favorable O b. 55000 unfavorable O c. $2200 unfavorable O d. None of the above A company has determined that the standard for labor is 2 direct labor hours per unit produced. The variable overhead application rate is $1 per direct labor hour. If a company produces 1000 units with 1900 direct labor hours and the actual variable overhead is $2200, what is the variable overhead efficiency variance? Select one: e a. $300 unfavorable O b. $300 favorable c. $100 favorable O d. $100 unfavorable Henson produces a product that requires 10 standard labor hours at $5/hr. If Henson produces 1.000 units and uses 10.000 direct labor hours, the labor efficiency variance is: Select one: a $10,000 O b. 50.000 O c.0 O d. none of the above Stephen LLC produces hedge trimmers and has recently adopted activity based costing. Overhead information was recently gathered with respect to the operation of the stamping machine: machine setups, number of setups, quality control, and number of quality control inspections. Total overhead costs for the operation of the stamping machine are $120,000 of which $90,000 is setups and $30,000 is quality control. There were 3000 quality control inspections. The overhead application rate for quality control is Select one: O a. $10 O b. $9 O c. None of the above

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