16.The predetermined overhead rate for Zane Company is $5,comprised of a variable overhead rate of $3 and a fixed rate of $2.The amount of budgeted overhead costs at normal capacity of$150,000 was divided by normal capacity of 30,000 direct labor hours,to arrive at the predetermined overhead rate of $5.Actual overhead for June was 9,500 variable and 6,050 fixed,and standard hours allowed for the product porduced in June was3,000 hours.The total overhead variance is
a.3,050 F
b.550 F
c.550 U
d.3,050 U
17.The predetermined overhead rate for Zane Company is $5,comprised of a variable overhead rate of $3 and a fixed rate of $2.The amount of budgeted overhead costs at normal capacity of$150,000 was divided by normal capacity of 30,000 direct labor hours,to arrive at the predetermined overhead rate of $5.Actual overhead for June was$8,900 variable and 5,400fixed,and 1,500 units were produced.The direct labor standard is 2hours per unit produced.The total overhead variance is
a.1,800 F
b.700 F
c.700 U
d.1,800 U
18.Which of the following is true?
a.The form,content,and frequency of variance reports vary considerably among companies
b.The form,content,and frequency of variance reports do not vary among companies
c.The form and content of variance reports vary considerably among companies,but the frequency is always weekly
d.The form and content of variance reports are consistent among companies,but the frequency varies
19.Denmark Corporation’s variance report for the purchasing department reports1,000 units of material A purchased and 2,400 units of material B purchased.It also reports standard prices of$2 for material A and $3 for Material B.Actual prices reported are$2.10 for Material A and $2.80 for Material B.Denmark should report a total price variance of
a.380 F
b.340 F
c.340 U
d.380 U
20.When is a variance considered to be’material’?
a.when it is large compared to the actual cost
b.when it is infrequent
c.when it is unfavorable
d.when it could have been controlled more effectively
21.Variance reports are
a.external financial reports
b.SEC financial reports
c.internal reports for management
d.all of these
22.The following information was taken from the annual manufacturing overhead cost budget of Fergie Manufacturing
Variable manufacturing overhead costs$92,400
Fixed manufacturing overhead costs55,440
Normal production level in labor hours30,800
Normal production level in units5,775
Standard labor hours per unit 4
During the year,5,600 units were produced,18,340 hours were worked, and the actual manufacturing overhead was $151,200.Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs.Overhead is applied on the basis of direct labor hours.
22-1.Fergie’s total overhead variance is 7840U
22-2.Fergie’s controllable overhead variance is 6160U
22-3.Fergie’s volume overhead variance is
a.1,680 U
b.6,160 U
c.7,840
d.22,400
23.Use the following table,
Present Value of and Annuity of 1
Period 8% 9% 10%
1 .926 .917 .909
2 1.783 1.759 1.736
3 2.577 2.531 2.487
A company has a minimum required rate of return of 9%.It is considering investing in a project which costs#350,000 and is expected to generate cash inflows of $140,000 at the end of each year for three years.The net present value of this project is
a.354,340
b.70,000
c.35,436
d.4,340
24.The discount rate is referred to by all of the following alternative names except the
a.accounting rate of return
b.cutoff rate
c.hurdle rate
d.required rate of return
25.The rate that a company must pay to obtain funds from creditors and stockholders is known as the
a.hurdle rate
b.cost of capital
c.cutoff rate
d.all of these
26.The higher the risk element in a project,the
a.more attractive the investment
b.higher the net present value
c.higher the cost of capital
d.higher the discount rate
27.If a company’s required rate of return is 10%and, in using the net present value method,a project’s net present value is zero,this indicates that the
a.project”s rate of return exceeds10%
b.project’s rate of return is less than the minimum rate required
c.porject earns a rate of return of 10%
d.project earns a rate of return of 0%
28.If a preoject has a profitability index of1.20,then the project’s internal rate of return is
a.equal to the discount rate
b.less than the discount rate
c.greater than the discount rate
d.equal to 20%
31.which one of the following affects cash during a period?
a.Recording depreciation expense
b.Declaration of a cash dividend
c.write-off of an uncollectible account receivable
d.Payment of an accounts payable
32.In calculating cash flows from operating activities using the indirect method,a gain on the sale of equipment is
a.added to net income
b.deducted from net income
c.ignored because it does not affect cash
d.not reported on a statement of cash flows

Punctual Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.