F5 P3

Q71: The following information is given about standard and actual material costs during one month for a production process. What was the materials mix variance?

• 880 (F)
• 880 (A)
• 1,090 (F)
• 1,090 (A)

Q72: The following information is given about standard and actual material costs during one month for a production process. What was the materials mix variance?

• 270 (F)
• 270 (A)
• 271 (F)
• 271 (A)

Q73: The following information is given about standard and actual material costs during one month for a production process. What was the materials mix variance?

• 25 (F)
• 26 (F)
• 27 (F)
• 28 (F)

Q74: The following information is given about standard and actual material costs during one month for a production process. What was the materials mix variance?

• 26 (A)
• 27 (A)
• 28 (A)
• 29 (A)

Q75: The following information is given about standard and actual material costs during one month for a production process. What was the materials mix variance?

• 100 (F)
• 101 (F)
• 102 (F)
• 103 (F)

Q76: For which one of the following variances should a production manager usually be held responsible?

• Material price planning variance
• Material price operational variance
• Material usage planning variance
• Material usage operational variance

Q77: A standard product uses 3 kilograms of direct material costing $4 per kg. During the most recent month, 120 units of the product were manufactured. These required 410 kilograms of material costing $4.50 per kg. It is decided in retrospect that the standard usage quantity of the material should have been 3.5 kg, not 3 kg. What is the materials operational usage variance, if it is chosen to use planning and operational variances for reporting performance?

• 40 (F)
• 40 (A)
• 50 (F)
• 50 (A)

Q78: A standard product uses 3 kilograms of direct material costing $4 per kg. During the most recent month, 120 units of the product were manufactured. These required 410 kilograms of material costing $4.50 per kg. It is decided in retrospect that the standard usage quantity of the material should have been 2.5 kg, not 3 kg. What is the materials operational usage variance, if it is chosen to use planning and operational variances for reporting performance?

• 440 (F)
• 440 (A)
• 450 (F)
• 450 (A)

Q79: A standard product uses 3 kilograms of direct material costing $4 per kg. During the most recent month, 120 units of the product were manufactured. These required 410 kilograms of material costing $4.50 per kg. It is decided in retrospect that the standard usage quantity of the material should have been 3.5 kg, not 3 kg. What is the materials planning usage variance, if it is chosen to use planning and operational variances for reporting performance?

• 240 (F)
• 240 (A)
• 250 (F)
• 250 (A)

Q80: A standard product uses 3 kilograms of direct material costing $4 per kg. During the most recent month, 120 units of the product were manufactured. These required 410 kilograms of material costing $4.50 per kg. It is decided in retrospect that the standard usage quantity of the material should have been 2.5 kg, not 3 kg. What is the materials planning usage variance, if it is chosen to use planning and operational variances for performance?

• 240 (F)
• 240 (A)
• 250 (F)
• 250 (A)