Answer the following questions using the information below: Russo Corporation manufactured 16,000 air conditioners during November. The overhead cost-allocation base is $31.50 per machine-hour. The following variable overhead data pertain to November:ActualBudgetedProduction16,000 units18,000 unitsMachine-hours7,875 hours9,000 hoursVariable overhead cost per machine-hour:$31.00$31.50What is the variable overhead spending variance?

Answer the following questions using the information below: Midend’s Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.   Flexible Budget  Variances             Price Efficiency Material A $25,000 $1,500U $1,800F Material B 32,000 600F 900U Material C 42,000 1,300U 900F The actual amount spent for Material A was ________. Hint: Please use Chp 7 Formula Sheet. Recall: Flexible Budget Variance = Actual Results – Flexible Budget, and Flexible Budget Variance = Price Variance + Efficiency Variance.

The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results.   Actual Results Flexible Budget Static Budget Sales Volume (in units) 18,000   23,000 Variable Costs             $360,000   $463,910 Fixed Costs $275,300   $269,500 The flexible budget will report ________ for Variable Costs. 

Soda Manufacturing Company provides vending machines for soft-drink manufacturers. The company has been investigating a new piece of machinery for its production department. The old equipment has a remaining life of three years and the new equipment has a value of $52,650 with a three-year life. The expected additional cash inflows are $25,000 per year. What is the internal rate of return?

Answer the following questions using the information below:Braun’s Brakes manufactures three different product lines, Model X, Model Y, and Model Z. Considerable market demand exists for all models. The following per unit data apply:Model XModel YModel ZSelling price$50$60$70Direct materials666Direct labor ($12 per hour)121224Variable support costs ($4 per machine-hour)488Fixed support costs101010Which model has the greatest contribution margin per unit?

What is the total amount of overhead costs assigned to the Standard model in Activity-based Costing system?

Relevant information has all of these characteristics EXCEPT:

To complete the first setup on a new machine took an employee 100 minutes. Using an 80% cumulative average-time learning curve indicates that the second setup on the new machine is expected to take:

Answer the following questions using the information below:  Russo Corporation manufactured 16,000 air conditioners during November. The overhead cost-allocation base is $31.50 per machine-hour. The following variable overhead data pertain to November: Actual Budgeted Production 16,000 units 18,000 units Machine-hours 7,875 hours 9,000 hours Variable overhead cost per machine-hour: $31.00 $31.50 What is the flexible-budget amount?

The following items are the same for the flexible budget and the master budget EXCEPT for: