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The differences between standard hours at standard wage rates and actual hours at standard wage rates is referred to as which of the following types of variances
The difference between standard hours at standard wage rates and actual hours at standard rates is the labor usage/efficiency variance.
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Which of the following types of variances would a purchasing manager most likely influence?
The direct materials price variance could be used to monitor purchasing manager performance.
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Which of the following standard costing variances would be least controllable by a production supervisor?
The overhead volume variance is a function of the budgeted amount of overhead based on standard hours. The production supervisor has little control over established standard and budgeted amounts.
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The only sales variance listed below that does not use contribution margin to compute results is:
The sales price variance does not use contribution margin.
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The production volume variance is due to:
The production volume variance is due to the difference from the planned level of the based used for overhead allocation and the actual level achieved.
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The cost of goods manufactured would generally not include which of the following?
Selling costs are not relevant for the goods a firm manufactures, rather this would be relevant for the cost of goods sold.
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