False1-Fancy Nail's monthly rent is $2,500. The company’s static budget is based on an activity level of 2,000manicures per month. It shows nail technician wages (a variable cost) of $20,000. Fancy Nails' flexiblebudget for 2,200 manicures will show ______. Show
Nội dung chính
Get answer to your question and much more 1-The difference between an actual and a normal cost system is how ______ are recorded. Get answer to your question and much more 1-The amount a company should spend to produce a single unit of product based on expectedproduction and sales is shown on a(n)Standard/cost1-The process of comparing actual and budgeted results is ______. Get answer to your question and much more 1-A budget that takes into account how costs are affected by changes in level of activity is Get answer to your question and much more Flex1-A flexible budget-------------------variance is calculated by comparing actual costs to the flexiblebudget. Get answer to your question and much more Variable/fixed1-A master budget calls for 3,000 units of production and budgeted fixed overhead of $6,000. Actualproduction was 3,500 units and total fixed overhead was $6,150. Which of the following statements istrue? Get answer to your question and much more 1-A static budget shows variable supply cost of $6,250 based on 1,000 units. A flexible budget based on1,200 units should show ______ for supplies. Get answer to your question and much more 1-A variance is labeled as favorable when the ______. Get answer to your question and much more 1. LO 8.1Why does a company use a standard costing system?
2. LO 8.1This standard is set at a level that may be reached with reasonable effort.
3. LO 8.1This standard is set at a level that could be achieved if everything ran perfectly.
4. LO 8.1This variance is the difference involving spending more or using more than the standard amount.
5. LO 8.1This variance is the difference involving spending less, or using less than the standard amount.
6. LO 8.2What are some possible reasons for a material price variance?
7. LO 8.2When is the material price variance unfavorable?
8. LO 8.2When is the material price variance favorable?
9. LO 8.2What are some reasons for a material quantity variance?
10. LO 8.2When is the material quantity variance favorable?
11. LO 8.2When is the material quantity unfavorable?
12. LO 8.3What are some possible reasons for a labor rate variance?
13. LO 8.3When is the labor rate variance unfavorable?
14. LO 8.3When is the labor rate variance favorable?
15. LO 8.3What are some possible reasons for a direct labor time variance?
16. LO 8.3When is the direct labor time variance favorable?
17. LO 8.3When is the direct labor time variance unfavorable?
18. LO 8.4A flexible budget ________.
19. LO 8.4The variable overhead rate variance is caused by the sum between which of the following?
20. LO 8.4The variable overhead efficiency variance is caused by the difference between which of the following?
21. LO 8.4The fixed factory overhead variance is caused by the difference between which of the following?
22. LO 8.5Which of the following is a possible cause of an unfavorable material price variance?
23. LO 8.5Which of the following is a possible cause of an unfavorable material quantity variance?
24. LO 8.5Which of the following is a possible cause of an unfavorable labor efficiency variance?
25. LO 8.5Which of the following is a possible cause of an unfavorable labor rate variance?
When the standard price is higher than the actual price the materials price variance is?Variance is unfavorable because the actual price of $1.20 is higher than the expected (budgeted) price of $1. $(21,000) favorable materials quantity variance = $399,000 – $420,000. ... Learning Objective.. What is the materials price variance quizlet?The Material Price Variance is the difference between the actual and the budgeted cost for materials multiplied by the actual quantity used. The Material Quantity Variance is the difference between the actual amount of materials used and the amount of materials expected to be used multiplied by the standard cost. What is the formula for Material Price Variance?Vmp = (Actual Quantity Purchased * Actual Unit Cost) - (Actual Quantity Purchased * Standard Unit Cost). When the Actual Materials Price is higher than the Standard Materials Price, the variance is said to be unfavorable, since the Actual price paid on materials purchased is greater than the allowed standard. What variance is the difference between the actual price per unit and the standard price per unit?Price variance is the actual unit cost of a purchased item, minus its standard cost, multiplied by the quantity of actual units purchased. Price variance is a crucial factor in budget preparation. What is the difference between the actual price and the standard price multiplied by the actual quantity of materials purchased?Hence material price variance is the difference between standard price and actual price multiplied by actual quantity.
What is the difference between the actual and standard unit price of an input multiplied by the number of inputs used?Answer and Explanation:. What do you call the variation in the use of materials at the actual price and the use of materials at the standard price?Materials Price Variance: A variance that reveals the difference between the standard price for materials purchased and the amount actually paid for those materials [(standard price – actual price) X actual quantity].
What is the formula of material price variance?Vmp = (Actual Quantity Purchased * Actual Unit Cost) - (Actual Quantity Purchased * Standard Unit Cost). When the Actual Materials Price is higher than the Standard Materials Price, the variance is said to be unfavorable, since the Actual price paid on materials purchased is greater than the allowed standard.
|
The difference between the actual price and the standard price multiplied by the actual quantity
zusammenhängende Posts
Urheberrechte © © 2024 ihoctot Inc.
