College Acct 2- Chapter 9

Front

What is Zanny's labor rate variance for August?

Back

$1,917 Favorable

Front

Poorly trained workers could have an unfavorable effect on which of the following variances? Labor Rate Variance & Materials Quantity Variance, Labor Rate Variance only, Materials Quantity Variance only, Neither variance

Back

Materials Quantity Variance only

Front

A budget that adjusts based on changes in actual activity levels is called a:

Back

flexible budget.

Front

If the total standard variable cost for one unit of finished product is $90, then the standard price per foot for direct materials is:

Back

$5

Front

The total overhead cost at an activity level of 10,000 guest-days per month should be:

Back

$227,190

Front

When using a flexible budget, an increase in activity within the relevant range:

Back

increases total costs.

Front

What is the spending variance for wages and salaries in July for Ramkissoon Corp. if the actual wages and salaries were $60,000, with a cost formula of $2,025 per month plus $442 per sale for 114 actual sales?

Back

$7,587 U

Front

Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the labor efficiency variance is unfavorable, the variable overhead efficiency variance will be:

Back

unfavorable.

Front

A favorable materials quantity variance indicates that:

Back

standard material allowed for output exceeds the actual usage of material.

Front

When the company prepared its planning budget at the beginning of December, it assumed that 50 customers would have been served. The amount shown for “Employee salaries and wages” in the planning budget for December would have been closest to: $91,200, $103,800, $102,889, $92,600

Back

$103,800