1. _________ It is an unfavorable cost variances that is
_________ It is an unfavorable cost variances that is
directly affected by the relative position of a production
process on a learning curve.
2. _________ A manager who determines the standard
materials per unit and the standard number of hours to
make a unit of output.
3. _________ Basis in determining the fixed overhead
rate.
4. A company uses a two way analysis for overhead
variances: budget (controllable) and volume variance.
The volume variance is based on the
a. Total overhead application rate
b. Volume of total expenses at various activity levels
c. Variable overhead application rate
d. Fixed overhead application rate
5. The primary purpose of using a standard cost systems
to:
a. Make things easier for managers in the production
facility.
b. Provide a distinct measure of cost control.
c. Minimize the cost per unit of production
d. Assure continuous production of goods.
6. The variance LEAST significant for purposes of
controlling cost is the:
a. Material usage variance
b. Variable overhead efficiency variance
c. Fixed overhead spending variance
d. Fixed overhead volume variance
7. The variance MOST useful in evaluating plant utilization
is the:
a. Variable overhead spending variance
b. Fixed overhead spending variance
c. Variable overhead efficiency variance
d. Fixed overhead volume variance
8. The overhead controllable variance is calculated as the
difference between actual overhead cost incurred and
the budgeted
a. Overhead cost for the standard hours allowed
b. overhead cost applied to the product
c. overhead costs at the normal level of activity
d. fixed overhead costs
9- 10. Two levels that standard may be set at:
1.
2.
1.
directly affected by the relative position of a production
process on a learning curve.
2. _________ A manager who determines the standard
materials per unit and the standard number of hours to
make a unit of output.
3. _________ Basis in determining the fixed overhead
rate.
4. A company uses a two way analysis for overhead
variances: budget (controllable) and volume variance.
The volume variance is based on the
e. Total overhead application rate
f. Volume of total expenses at various activity levels
g. Variable overhead application rate
h. Fixed overhead application rate
5. The primary purpose of using a standard cost systems
to:
e. Make things easier for managers in the production
facility.
f. Provide a distinct measure of cost control.
g. Minimize the cost per unit of production
h. Assure continuous production of goods.
6. The variance LEAST significant for purposes of
controlling cost is the:
e. Material usage variance
f. Variable overhead efficiency variance
g. Fixed overhead spending variance
h. Fixed overhead volume variance
7. The variance MOST useful in evaluating plant utilization
is the:
e. Variable overhead spending variance
f. Fixed overhead spending variance
g. Variable overhead efficiency variance
h. Fixed overhead volume variance
8. The overhead controllable variance is calculated as the
difference between actual overhead cost incurred and
the budgeted
e. Overhead cost for the standard hours allowed
f. overhead cost applied to the product
g. overhead costs at the normal level of activity
h. fixed overhead costs
9- 10. Two levels that standard may be set at:
1.
2.