TRUE OR FALSE A production volume variance appears in the variable costing method but not in absorption costing method

When is the direcet labor time variance unfavorable? A. when the actual quantity used is greater than the standard quantity B. when the actual quantity used is less than the standard quantity C. when the actual price paid is greater than the standard price D. when the actual price paid is less than the standard price

Variable costing can also be referred to as: Select one: a. Internal costing b. Cost-plus costing c. Absorption costing d. Marginal costing

What effect, if any, would you expect poor-quality materials to hare on direct labor variances?

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Which of the following is a correct equation to calculate the fixed overhead production-volume variance?   a. budgeted fixed overhead costs − fixed overhead costs allocated for actual output   b. static budget amount − flexible budget amount   c. actual costs incurred − fixed overhead costs allocated for actual output   d. flexible budget amount − actual costs incurred

Which one is the correct answer?

If a purchasing manager is able to buy direct materials required in the manufacturing of a product at a lower than ‘standard’ cost why may this result in an overall unfavorable total variance for DM’s.

f

The variable overhead efficiency variance is computed and interpreted. a) the same as; the same as b) the same as; differently than c) differently than; the same as d) differently than; differently than the direct-cost efficiency variance.