Standard costs are used in providers for a variety of reasons. I beg your pardon of the adhering to is not among the benefits for using conventional costs? | Used to suggest where alters in modern technology and machinery should be made. |
Manufacturing providers use standard expenses for the complying with except: | Variable costs |
Several world play an important part in setup standards. Which of the complying with is incorrect as to setup standards? | Quality managers provide quality measures that will certainly be offered to advice rejects. |
Standards that represent levels of operation that can be attained through reasonable initiative are called: | normal standards |
Which that the following problems normally would certainly not show that standard expenses should it is in revised? | Actual expenses differed native standard expenses for the preceding week. |
The rule of exceptions allows managers to | focus ~ above correcting variances in between standard costs and actual costs. |
The traditional price and also quantity of straight materials are separated because: | direct materials prices are managed by the to buy department, and quantity offered is managed by the production department |
Standard expenses are separated into i m sorry of the complying with components? | Price Standard and also Quantity Standard |
A favorable price variance wake up when | Standard prices are more than yes, really costs. |
Total manufacturing price variance includes: | Direct materials cost variance, straight labor cost variance, factory overhead expense variance |
Periodic comparisons between planned objectives and actual performance room reported in: | budget power reports |
Which of the adhering to is no a reason standard costs are be separated in 2 components? | variances brings fist to imbalances in the budget and requires supervisors to revise budgets closer to actual. |
If the actual amount of straight materials supplied in producing a commodity differs from the standard quantity, the variance is termed: | quantity variance |
If the price paid every unit differs from the typical price every unit for direct materials, the variance is termed: | price variance |
If the wage price paid per hour different from the typical wage price per hour for direct labor, the variance is termed: | rate variance |
If the actual direct labor hours spent producing a commodity differ from the traditional hours, the variance is termed: | time variance |
The formula to compute direct material quantity variance is to calculation the distinction between | (actual quantity * standard price) – conventional costs |
The formula come compute straight labor price variance is to calculate the difference between | actual costs – (actual hours * typical rate) |
The formula to compute direct labor time variance is to calculate the difference between | (actual hrs * typical rate) – typical costs |
Which of the complying with would not lend itself to applying direct labor variances? | Administrative assistant |
Which the the complying with is no a factor for a direct materials amount variance? | Material inquiry rework |
The formula to compute direct materials price variance is to calculate the difference between | actual prices – (actual quantity * typical price) |
Assuming that the standard solved overhead rate is based on full capacity, the cost of accessible but unused abundant capacity is shown by the: | factory overhead cost volume variance |
The controllable variance measures: | the performance of utilizing variable overhead resources |
The unfavorable volume variance may be due to all however the adhering to factors: | unexpected boosts in the price of utilities |
Favorable volume variances may be harmful when: | production in excess of normal capacity can not be sold |
Incurring yes, really indirect factory wages in overabundance of budgeted amounts for actual manufacturing results in a: | controllable variance |
A an adverse fixed overhead volume variance have the right to be caused because of the adhering to except: | Increase in energy costs |
The use of criter for nonmanufacturing costs is: | not as common as the is for production costs |
If in ~ the finish of the budget year the variances native standard room significant, the variances must be moved to the: | work in process, expense of goods sold, and finished items accounts |
Variances indigenous standard expenses are commonly reported to: | management |
At the end of the budget year, variances from standard costs are usually transferred to the: |