
acc topic 11
Authored by hris2fly hris2fly
Business
University

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the performance goals used by manufacturers?
Direct materials, Direct labor, Factory overhead
Ideal standards, Theoretical standards, Normal standards
Direct materials, Direct labor, Variable overhead
Direct materials, Direct labor, Fixed overhead
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a standard cost system?
To measure the difference between actual cost and standard cost
To focus only on efficiency improvements
To limit operating improvements
To determine actual cost and cost variances
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main criticism of using standards?
Workers focus on their own operations
Workers focus on efficiency improvements
Workers focus on the organization's objectives
Workers lose sight of larger objectives
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a budget performance report?
To review and revise standards
To summarize actual costs and standard amounts
To calculate direct materials variances
To measure the difference between actual cost and standard cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate direct materials price variance?
Actual Quantity x Actual Price
Standard Price x Actual Quantity
Standard Price (Actual Quantity – Standard Quantity)
Actual Quantity (Actual Price – Standard Price)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate direct materials quantity variance?
Standard Price (Actual Quantity – Standard Quantity)
Actual Quantity (Actual Price – Standard Price)
Standard Price x Actual Quantity
Actual Quantity x Actual Price
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the interpretation of an unfavorable fixed factory overhead volume variance?
The company used its fixed overhead resources efficiently
The company used its fixed overhead resources more than expected
The company used its fixed overhead resources less than expected
The company used its fixed overhead resources at normal capacity
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
10 questions
BHMC2003 Quiz #10 : Chapter 10 : Sales Promotion
Quiz
•
University
15 questions
Chart Patterns and Price Actions
Quiz
•
University
10 questions
บทที่ 1
Quiz
•
University
15 questions
Recruitment
Quiz
•
University
10 questions
QUIZ 1 (SHORT TERM DECISION MAKING)
Quiz
•
University
10 questions
Nomina
Quiz
•
University
15 questions
Marketing Digital
Quiz
•
University
12 questions
Financial Terms
Quiz
•
University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Business
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
5 questions
Poetry Interpretation
Interactive video
•
4th Grade - University
19 questions
Black History Month Trivia
Quiz
•
6th Grade - Professio...
15 questions
Review1
Quiz
•
University
15 questions
Pre1
Quiz
•
University