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1) Marigold Corp. uses flexible budgets. At normal capacity of 15,000 units, budgeted manufacturing overhead is...

1) Marigold Corp. uses flexible budgets. At normal capacity of 15,000 units, budgeted manufacturing overhead is $120000 variable and 360000 fixed. If Marigold had actual overhead costs of $504000 for 20000 units produced, what is the difference between actual and budgeted costs?
A.16,000 F
B.40,000 F
C. 24,000 U
D. 16,000 U

2) accompanies past experience indicates that 60% of its credit sales are collected the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budget credit sales were:
JAN. $450000
FEB. $306000
MAR. $630000

A. 429300
B. 469800
C. 378000
D. 492300
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Answer #1

Question 1:

The correct answer is: A. 16,000 F.

Budgeted manufacturing overhead for 20,000 units = [($120,000 ÷ 15,000) × 20,000] + $360,000

= $520,000

Actual manufacturing overhead for 20,000 units = $504,000

Difference = $520,000 - $504,000 = $16,000 F

Question 2:

The correct answer is: D. 492,300.

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