Chapter 10 study questions

An unfavorable materials quantity variance indicates that:

actual usage of material exceeds the standard material allowed for output.

Poorly trained workers could have an unfavorable effect on which of the following varian

Materials Quality Variance

The general model for calculating a quantity variance is

Standard price × (Actual quantity of inputs used í Standard quantity allowed for output).

The production department should generally be responsible for materials price variances that resulted from?

rush orders arising from poor scheduling.

A favorable labor rate variance indicates that

the standard rate exceeds the actual rate.

if variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then:

the standard variable overhead rate exceeded the actual rate.