A.) actual expense.
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B.) historic expense.C.) estimate of acceptable manufacturing effectiveness.D.) goal set by top administration to mitigate expenses.
A.) All of these choices are involved in the establishing of criteria.B.) production designers.C.) accountants.D.) other management personnel.
A.) collection them to actual expenses.B.) set them high to push employees to work harder and much faster.C.) collection them low so employees will certainly not be stressed or pressured.D.) motivate employees to attain effective operations.
The requirements for direct materials, straight labor, and factory overhead are separated into two components:
Standard quantities budgeted are figured out by multiplying the traditional expenses per unit by the __________ manufacturing.
A.) None of these choices are correct.B.) Both of these options are correct.C.) including typical expenses and variances in the general ledger.D.) excluding traditional prices and variances in the basic ledger.
The Strawberry Mansion Company kind of reported the following:Standard amount per unit 3 lbsStandard price per pound $2.75Actual pounds provided 15,000 lbsActual price per pound $3.00Number of devices developed 4,900Determine the straight materials quantity variance.
A.) $900 unfavorableB.) $900 favorableC.) $825 unfavorableD.) $825 favorable (Actual Quantity - Standard Quantity) x Standard Price Per Pound = (15,000 - (4,900 x 3)) x $2.75 = 825
The Peking Palace reported the following:Standard quantity per unit 3 lbsStandard price per pound $2.75Actual pounds provided 15,000 lbsActual price per pound $2.90Number of systems created 5,070Determine the straight materials amount variance
A.) $577.50 unfavorableB.) $577.50 favorableC.) $609.00 unfavorableD.) $609.00 favorable(Actual Quantity - Standard Quantity) x Standard Price = (15,000 - 5,070*3) x 2.75 = 577.50
The Peking Palace reported the following:Standard hours per unit 2.5 hoursStandard rate per hour $16.00Actual hrs offered 12,560Actual price per hour $15.50Number of units created 4,900Determine the direct labor time variance
A.) $4,805 unfavorable.B.) $4,805 favorable.C.) $4,960 unfavorable.D.) $4,960 favorable(Actual Hours - (Standard Hours x Number of Units Produced)) x Standard Rate Per Hour = (12,560 - (2.5 x 4,900)) x 16 = 4,960
A.) Namong these choices are correct.B.) imappropriate usage of employees.C.) shortage of skilled employees.D.) imappropriate scheduling of employees.
Jordan Industries created 6,000 devices of product that required 1.5 standard hrs per unit. The conventional variable overhead cost per unit is $2.75 per hour. The actual variable manufacturing facility overhead was $29,000. Determine the variable factory overhead controlled variance.
A.) $4,250 unfavorableB.) $4,250 favorableC.) $20,000 favorableD.) $20,000 unfavorable(Actual Variable Factory Overhead - Standard Factory Overhead) = (29,000 - (6,000 x 1.5 x 2.75)) = 4,250
Jordan Industries created 6,000 units of product that required 1.5 conventional hrs per unit. The typical fixed overhead expense per unit is $2.05 per hour at 9,500 hrs, which is 100% of normal capacity. Determine the resolved manufacturing facility overhead volume variance.
A.) $1,025 unfavorableB.) $1,025 favorableC.) $7,175 favorableD.) $7,175 unfavorable(Actual Factory - (Standard Units x Standard Hours)) x Standard Factory Overhead (9,500 - (6,000 x 1.5)) x 2.05 = 1,025
Douglas Industries developed 5,500 devices of product that forced 2.5 typical hrs per unit. The conventional addressed overhead price per unit is $2.20 per hour at 13,500 hours, which is 100% of normal capacity. Determine the addressed factory overhead volume variance.
A.) $550 unfavorableB.) $550 favorableC.) $250 favorableD.) $250 unfavorable(Actual Hours - (Standard systems x Standard Hours)) x Factory Overhead Cost = (13,500 - (5,500 x 2.5)) x $2.20 = 550
The ________________ variance is the difference in between the actual variable overhead expenses and also the budgeted variable overhead for actual production.
A.) Namong these options are correct.B.) variable factory overhead controllableC.) straight materials quantityD.) solved factory overhead volume
A.) Managers obtain indevelopment on all variances.B.) Variances may be reported on an earnings statement ready for management"s usage.C.) If variances are inconsiderable, they will be moved to the price of items offered.D.) Variances are reported to exterior financial statement individuals.
If a agency offers standard expenses to document their inventory in the general ledger, what would certainly the journal enattempt be if the direct materials price variance is unfavorable?
A.) Materials Dr. (at standard), Direct Materials Price Variance Cr., Accounts Payable Cr.B.) Materials Dr. (at standard), Accounts Payable Cr.C.) Materials Dr. (actual), Accounts Payable Cr.D.) Materials Dr. (at standard), Direct Materials Price Variance Dr. Accounts Payable Cr.
The Strawberry Mansion Company type of developed 5,500 cakes that call for 3 standard pounds per unit at $3.00 typical price per pound. The agency actually provided 16,350 pounds in production. Journalize the enattempt to document the standard direct products supplied in production.
A.) Work in Process Dr., 49,500; Direct Materials Quantity Variance Cr., 450; Materials Cr., 49,050.B.) Work in Process Dr., 49,500; Materials Cr., 49,500.C.) Materials Dr., 49,050; Work in Process Cr., 49,050.D.) Work in Process Dr., 49,500; Direct Materials Quantity Variance Dr., 450; Materials Cr., 49,950.
A.) time to build new productsB.) on-time deliveryC.) number of rejectsD.) variety of warranty claims
A.) cashier trainingB.) number of commodities availableC.) customer wait time to rent a videoD.) variety of cashiers available
A.) customer preference rankings compared to competitorsB.) number of warranty claimsC.) number of customer complaintsD.) employee satisfaction
A.) Division supervisors in decentral operations frequently work carefully through customers.
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B.) Top monitoring renders the operational decisions in a decentral company, because they preserve day-to-day call with all operations.C.) Operational decisions made within a decentralized firm constantly bring about positive profits for the whole agency.D.) Top monitoring makes the operational decisions in a decentral agency, because they preserve operating field of expertise in all product lines and services.