242 Chapter 10

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Difference between the actual hours used and the standard hours allowed for the actual output is used in the calculation of the _________ __________ variance

labor efficiency

The materials price variance is generally the responsibility of the _________department manger

purchasing

The standard labor rate per hour

reflects the expected mis of workers

Standard costs fit naturally into an integrated system of _______ accounting

responsibility

Material requirements plus an allowance for normal inefficiencies are added together to determine the ________ of a direct material per unit of output

standard quantity

The standard hours per unit of an output includes:

- The estimated time to complete the unit - an allowance for cleanup and downtime

When using a standard costs system:

- The information in the variance reports may be too old to be useful - an undue emphasis on labor efficiency variances can create pressure to build excess inventory


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