FinMan10e_ABSol_ch22 - TEST 22B Fill-in-the-Blank...

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 22 TEST 22A Fill-in-the-Blank Principles and Terminology 1. standard cost system 2. theoretical (ideal) standards 3. production managers 4. currently attainable (normal) standards 5. budgetary performance evaluation 6. revised 7. unfavorable 8. direct materials price variance 9. direct materials quantity variance 10. Material Purchasing Department 11. direct labor time variance 12. controllable variance 13. purchasing manager Problem
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TB1-66 TEST 1A (Concluded) Variances from Standard Costs 1. $600 2. unfavorable 3. $1,215 4. favorable 5. $4,000 6. favorable 7. $22,200 8. unfavorable 9. $50,000 10. unfavorable 11. $50,000 12. favorable
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TEST 22B
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Unformatted text preview: TEST 22B Fill-in-the-Blank Principles and Terminology 1. standard cost systems 2. theoretical (ideal) standards 3. principle of exceptions 4. variance 5. Human Resource Department 6. currently attainable (normal) standards TB1-68 TEST 1A (Concluded) 7. direct labor time variance 8. volume variance 9. controllable variance 10. factory overhead cost variance report 11. Work in Process 12. Finished Goods 13. Cost of Goods Sold Problem Variances from Standard Costs 1. $1,200 2. unfavorable 3. $5,100 4. favorable 5. $2,400 6. favorable 7. $1,595 8. unfavorable 9. $6,000 10. unfavorable 11. $1,000 12. favorable...
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