Acct 10

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

If the actual level of activity is greater than the planned level of activity, the activity variances will be ______.

unfavorable

An unfavorable labor efficiency variance can result from ______.

insufficient product demand poorly motivated workers faulty equipment

A planning budget called for 500 units to be produced and total direct labor cost of $7,500. Actual production was 600 units and actual direct labor cost was $9,300. The activity variance is ______.

$1,500 U

The difference between the actual materials used in production and the standard amount allowed for the actual output is reflected in the materials _______ variance

quantity or usage

Which of the following statements is true?

A labor efficiency variance is a quantity variance.

AH(AR - SR) is the formula for the variable overhead _____ variance.

spending

The labor efficiency variance is the difference between actual hours used and standard hours allowed multiplied by the ______ hourly rate.

standard

The materials price variance is ______.

charged to the production manager when production problems occur impacted by the delivery method chosen generally the responsibility of the purchasing manager

The difference between the actual level of activity and the standard activity allowed for the actual output x the variable part of the predetermined overhead rate is the variable overhead _____ variable

efficiency

The variable overhead _____ variance measures activity differences and the variable overhead ______ variance measures cost differences.

efficiency, rate

When the standard price is higher than the actual price, the materials price variance is ______.

favorable


संबंधित स्टडी सेट्स

Chapter 1 Vocabulary - Ratios and Proportional Reasoning

View Set

Life Insurance Chapter 3 Life Insurance Basics

View Set

Chapter 23: Pediatric Nursing Interventions and Skills

View Set

Phong trào dân tộc dân chủ ở việt nam từ năm 1925 đến năm 1930

View Set