ACCOUNTING ACC111 Hettinger Hospital bases its budgets on patient-visits. The hospital’s static budget

1. Hettinger Hospital bases its budgets on patient-visits. The hospital’s static budget for Marchappears below:Budgeted number of patient-visitsBudgeted variable costs:Supplies (@ $9.60 per patient-visit)$ 81,600Laundry (@ $9.30 per patient-visit)79,050Total variable costBudgeted fixed costs:Wages and salaries8,500160,65099,800Occupancy costs107,800Total fixed cost207,600Total cost$368,250The total variable cost at the activity level of 8,600 patient-visits per month should be:A. $160,650B. $209,930C. $207,600D. $162,5402. Epley Corporation makes a product with the following standard costs:Standard Quantity or HoursStandard Price or RateDirect materials2.0 pounds$7.00 per poundDirect labor1.2 hours$12.00 per hourVariable overhead1.2 hours$2.00 per hourIn July the company produced 4,900 units using 10,300 pounds of the direct material and 2,280direct labor-hours. During the month, the company purchased 10,870 pounds of the directmaterial at a cost of $76,750. The actual direct labor cost was $38,240 and the actual variableoverhead cost was $11,941.The company applies variable overhead on the basis of direct labor-hours. The direct materialspurchases variance is computed when the materials are purchased.The materials quantity variance for July is:A. $520 UB. $660 FC. $3,500 UD. $520 F3. Epley Corporation makes a product with the following standard costs:Standard Quantity or HoursStandard Price or RateDirect materials10.5 pounds$10.0 per poundDirect labor0.8 hours$33.00 per hourVariable overhead0.8 hours$15.50 per hourIn July the company produced 3,440 units using 13,760 pounds of the direct material and 2,872direct labor-hours. During the month, the company purchased 14,520 pounds of the directmaterial at a cost of $35,100. The actual direct labor cost was $94,363 and the actual variableoverhead cost was $42,684.The company applies variable overhead on the basis of direct labor-hours. The direct materialspurchases variance is computed when the materials are purchased.The labor rate variance for July is:A. $413 FB. $413 UC. $3,547 UD. $3,547 F4. Pardoe, Inc., manufactures a single product in which variable manufacturing overhead isassigned on the basis of standard direct labor-hours. The company uses a standard cost systemand has established the following standards for one unit of product:Standard QuantityStandard Price or Rate Standard CostDirect materials2.0 pounds$6.25 per pound$12.50Direct labor0.5 hours$19 per hour$9.5Variable manufacturing overhead0.5 hours$4.50 per hour$2.25During March, the following activity was recorded by the company:The company produced 5,600 units during the month.A total of 14,700 pounds of material were purchased at a cost of $41,160.There was no beginning inventory of materials on hand to start the month; at the end ofthe month, 2,940 pounds of material remained in the warehouse.During March, 3,000 direct labor-hours were worked at a rate of $19.50 per hour.Variable manufacturing overhead costs during March totaled $6,950The direct materials purchases variance is computed when the materials are purchased.The materials price variance for March is:A. $50,715 UB. $22,960 FC. $22,960 UD. $50,715 F5. Oddo Corporation makes a product with the following standard costs:Standard Quantity orStandard Price or Rate Standard Cost Per UnitHoursDirect materials3.0 ounces$7.10 per ounce$21.30Direct labor0.6 hours$21.00 per hour$12.60Variable overhead0.6 hours$6.00 per hour$3.60The company reported the following results concerning this product in December.Originally budgeted output4,410 unitsActual output4,210 unitsRaw materials used in production13,000 ouncesActual direct labor-hours14,690 hoursPurchases of raw materials2,896 ouncesActual price of raw materials$6.90per ounceActual direct labor rateActual variable overhead rate$18.40$6.10per hourper hourThe company applies variable overhead on the basis of direct labor-hours. The direct materialspurchases variance is computed when the materials are purchased.The materials quantity variance for December is:A. $2,627 UB. $2,553 FC. $2,627 FD. $2,553 U6. Oddo Corporation makes a product with the following standard costs:Direct materialsDirect laborVariable overheadStandard Quantity or Hours Standard Price or Rate Standard Cost Per Unit3.0 ounces$8.50 per ounce$25.500.8 hours$14.50 per hour$11.600.8 hours$7.00 per hour$5.60The company reported the following results concerning this product in December.Originally budgeted output8,400 unitsActual outputRaw materials used in productionActual direct labor-hoursPurchases of raw materials8,20024,3606,76025,960Actual price of raw materialsunitsounceshoursounces8.25 per ounceActual direct labor rate15.60 per hourActual variable overhead rate7.10 per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materialspurchases variance is computed when the materials are purchased.The materials price variance for December is:A. $8,130 UB. $8,130 FC. $6,490 FD. $6,490 U7. Oddo Corporation makes a product with the following standard costs:Standard Quantity or Hours Standard Price or RateStandard Cost Per UnitDirect materialsDirect labor3.0 ounces0.6 hours$7.10 per ounce$21.00 per hour$21.30$12.60Variable overhead0.6 hours$6.00 per hour$3.60The company reported the following results concerning this product in December.Originally budgeted output4,410 unitsActual output4,210 unitsRaw materials used in production 13,000 ouncesActual direct labor-hours2,896 hoursPurchases of raw materials14,690 ouncesActual price of raw materials$6.90 per ounceActual direct labor rate$18.40 per hourActual variable overhead rate$6.10 per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materialspurchases variance is computed when the materials are purchased.The variable overhead efficiency variance for December is:A. $2,257 FB. $2,220 UC. $2,220 UD. $2,257 F8. Oddo Corporation makes a product with the following standard costs:Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materialsDirect labor3.0 ounces0.7 hours$8.90 per ounce$25.00 per hour$26.70$17.50Variable overhead0.6 hours$4.00 per hour$2.40The company reported the following results concerning this product in December.Originally budgeted output4,590 unitsActual output4,390 unitsRaw materials used in production13,490 ouncesActual direct labor-hours15,360 hoursPurchases of raw materials2,954 ouncesperActual price of raw materials$8.70ounceActual direct labor rate$20.20 per hourActual variable overhead rate$4.10 per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materialspurchases variance is computed when the materials are purchased.The variable overhead rate variance for December is:A. $295 UB. $295 FC. $263 FD. $263 U9. Midgley Corporation makes a product whose direct labor standards are 0.6 hours per unit and$20 per hour. In April the company produced 6,950 units using 3,670 direct labor-hours. Theactual direct labor cost was $77,070.The labor efficiency variance for April is:A. $10,000 UB. $10,000 FC. $6,330 FD. $6,330 U