QuizCh9 - Managerial Accounting Quiz Chapter CilE False 9 1...

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Managerial Accounting Quiz Chapter 9 1. Ideal standards do not allow for machine breakdowns and other normal inefficiencies. CilE, False 2. In developing a direct material price standard, the expected freight cost on the materials should be included. (kl9' False 3. Waste on the production line will result in a materials price variance. True .tJe^l!e-t \r t \ ! .r{. r^ i'\;, .* l. ,-., 4. To measure controllable production inefficiencies, which of the follo'iving is the best basis for a company to use in establishing the standard hours allowed for the output of one unit of product? A. Average historical performance for the last several years. B. Engineering estimates based on ideal performance. @ Engineering estirnates based on attainable perforrnance. D. The hours per unit that would be required for the present workforce to satisff expected demand over the long 5. The production department should generally be responsible for material price variances that resulted A. purchases made in uneconomical lot-sizes.
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QuizCh9 - Managerial Accounting Quiz Chapter CilE False 9 1...

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