Analisis Selisih

If actual costs are greater than standard costs, there is a(n)

• normal variance.
• unfavorable variance.
• favorable variance.
• error in the accounting system.

A total direct materials variance is analyzed in terms of

• price and usage variances.

• buy and sell variances.

• quantity and quality variances.

• tight and loose variances.

The formula for the direct materials quantity variance is

• (AP × SQ) – (SP × SQ)

• (AP × AQ) – (SP × AQ)

• (SP × AQ) – (SP × SQ)

• (AP × AQ) – (SP × SQ)

The investigation of direct materials price variance usually begins in the

• first production department
• purchasing department
• controller's office.
• accounts payable department.

What does a favourable variable overhead spending variance indicate?

• Actual variable overhead rate is higher than standard variable overhead rate

• Actual variable overhead rate is lower than standard variable overhead rate

• Actual variable overhead is lower than standard variable overhead

• Actual variable overhead is higher than standard variable overhead

Which variable overhead variance is more useful in controlling variable overhead costs, and why?

• Efficiency variance, because it reflects how efficient our activity base is

• Efficiency variance, because it measures the standard hours based on actual output

• Spending variance, because it measures the difference between actual and standard direct labour hours

• Spending variance, because it adjusts for actual quantity of cost driver and reflects how efficiently we have been using overheads

Given that:

VOH spending variance = 960F

VOH efficiency variance = 600F

Fixed OH budget variance = 2,100F

Fixed OH volume variance = 2,600U,

What would be in the journal entry to record these variances?

• Debit VOH spending variance 960

• Debit Fixed OH volume variance 2,600

• Credit VOH efficiency variance 600

• Credit Fixed OH budget variance 2,100

Given that:

VOH spending variance = 960F

VOH efficiency variance = 600F

Fixed OH budget variance = 2,100F

Fixed OH volume variance = 2,600U,

How much manufacturing overhead is under/overapplied?

• $1,060 Underapplied

• $1,060 Overapplied

• $360 Underapplied

• $360 Overapplied

Normal standards:

• (a)allow for rest periods, machine breakdowns, and setup time.

• (b)represent levels of performance under perfect operating conditions.

• (c)are rarely used because managers believe they lower workforce morale.

• (d)are more likely than ideal standards to result in unethical practices.

Each of the following formulas is correct except:

• (a)Labor price variance = (Actual hours × Actual rate) − (Actual hours × Standard rate).

• (b)Total overhead variance = Actual overhead − Overhead applied.

• (c)Materials price variance = (Actual quantity × Actual price) − (Standard quantity × Standard price).

• (d)Labor quantity variance = (Actual hours × Standard rate) − (Standard hours × Standard rate).