A traditional cost: -is the "true" price of a unit of production. Correct -is a spending plan for the production of one unit the a -product or service. -can be useful in calculating equivalent units. -is generally the average expense within one industry. -is almost always the actual price from vault years.

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Variances are computed by taking the difference between which of the following? -Product price and duration cost. -Actual cost and also differential cost. -Price factors and also rate factors. -Actual cost and standard cost. -Product cost and also standard cost
Most carriers base the calculate of the direct-material price variance on the: -number of systems purchased. -number of units spoiled. -number of devices that should have been used. -number of systems actually used. -number of systems to it is in purchased throughout the next accounting period
Which that the complying with correctly lists every the details needed to calculation a labour rate variance? -Standard labour rate and also actual hours worked. -Actual hrs worked and also actual units produced. -Standard labour rate, actual labour rate, and also actual units produced. -Actual labour rate and actual hrs worked. -Actual labour rate, standard labour rate, and actual hrs worked
Which the the following variances space most comparable with respect to the manner in i m sorry they are calculated? -Direct-labour rate variance and also direct-labour performance variance. -Direct-material price variance and also direct-material amount variance. -Direct-material price variance, direct-material quantity variance, and total direct-material variance. -Direct-material price variance and direct-labour effectiveness variance. -Direct-material quantity variance and direct-labour performance variance
Simms minimal had a favourable direct-labour efficiency variance that $8,000 for the duration just ended. The actual wage rate was $0.70 much more than the standard price of $10.00. If the company"s conventional hours allowed for actual manufacturing totalled 10,000, how numerous hours go the firm actually work? 800. 8,000. 9,200. 10,000. 18,000
Bowing international purchased 66,000 metres (cost = $514,800) of direct material to be offered in the produce of the company"s single product. According to the manufacturing specifications, each completed unit requires 5 metres of straight material in ~ a standard price of $8.00 every metre. Straight materials consumed by the finish of the period totalled 63,500 metres in the to produce of 12,933 perfect units.An check of Bowing"s payroll records revealed that the firm worked 23,000 labour hrs (cost = $333,500) during the period, and specifications called for every completed unit inquiry two hours of work at a standard expense of $14.60 per hour.Bowing"s direct-material price variance is: -$12,700F. -$12,700U. -$13,200F. -$13,200U. -$12,933F.
Bowing international purchased 66,000 metres (cost = $514,800) of direct material to be provided in the to produce of the company"s sole product. According to the manufacturing specifications, every completed unit requires 5 metres of straight material at a standard cost of $8.00 every metre. Direct materials spend by the end of the duration totalled 63,500 metres in the manufacture of 12,933 finished units.An check of Bowing"s payroll documents revealed that the company worked 23,000 labour hrs (cost = $333,500) during the period, and also specifications called for each completed unit inquiry two hrs of labour at a standard cost of $14.60 per hour.Bowing"s direct-labour effectiveness variance is: -$2,300F. -$2,300U. -$12,700F. -$41,844F. -$41,844U.
What is the main difference between a revolution budget and also a versatile budget? -The static spending plan contains just fixed costs, if the flexible budget plan contains only variable costs. -The static spending plan is all set for a single level that activity, when a flexible spending plan is adjusted for different activity levels. -The flexible spending plan is ready for a single level that activity, when a static budget plan is changed for different activity levels. -The static budget plan is constructed using intake from just upper level management, if a flexible budget obtains intake from all levels of management. -The flexible budget plan is constructed using entry from just upper level management, if a static spending plan obtains input from every levels that management.
The static budget is ready for a single level of activity, while a flexible budget is readjusted for different activity levels.
The gears room of Cycle firm has budgeted monthly manufacturing overhead cost of $40,000 to add $5 per straight labour hour. The flexible spending plan report shows $120,000 for full budgeted manufacturing expense for the month. What is the really level that activity achieved during the month? 16,000 straight labour hours. 22,400 straight labour hours. 24,000 straight labour hours. 32,000 direct labour hours. 120,000 straight labour hours.
Which of the complying with mathematical expressions is uncovered in a usual flexible-budget formula for overhead? -Total task units + budgeted solved overhead expense per unit. -Total task units + actual addressed overhead price per unit. -Budgeted variable overhead expense per unit + budgeted resolved overhead cost. -(Budgeted change overhead cost per unit x total activity units) + budgeted fixed overhead costs. -(Budgeted solved overhead expense per unit x total activity units) + (budgeted variable overhead price per unit x total task units).
The activity measure selected for use in a variable overhead functional budget and also a resolved overhead versatile budget: -should be stated in sales dollars. -should be approved by the company"s president. -should it is in one the varies in a similar behaviour pattern to the way that variable overhead varies. -should stay fixed. -should produce the most attractive results for the individual that will use the spending plan in managerial applications.

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Smithville offers labour hours to apply variable overhead to production. If the company"s workers were an extremely inefficient during the period, i beg your pardon of the adhering to statements would be true about the variable-overhead performance variance? -The variance would be favourable. -The variance would be unfavourable. -The nature the the variance (favourable or unfavourable) would certainly be unknown based upon the truth presented. -The variance would certainly be the exact same amount together the labour performance variance. -The variance would be the very same amount together the resolved overhead volume variance
Which department would certainly normally begin an investigation about an unfavourable products quantity variance? top quality control. Purchasing. Person resource. Production. Receiving.
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