quiz chapt 10 w answers

quiz chapt 10 w answers - quiz chapt 10 Student 1 An...

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quiz chapt 10 Student: ___________________________________________________________________________ 1. An unfavorable materials quantity variance indicates that: A. actual usage of material exceeds the standard material allowed for output. B. standard material allowed for output exceeds the actual usage of material. C. actual material price exceeds standard price. D. standard material price exceeds actual price. 2. Under a standard cost system, the materials price variances are usually the responsibility of the: A. production manager. B. sales manager. C. purchasing manager. D. engineering manager. 3. If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: A. actual variable overhead rate exceeded the standard rate. B. standard variable overhead rate exceeded the actual rate. C. actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output. D. standard direct labor-hours allowed for the actual output exceeded the actual hours. 4. Which of the following represents value-added time in the manufacturing cycle? A. Inspection Time. B. Queue Time. C. Move Time. D. Process Time.
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5. Discover Motor Company uses a standard cost system to collect costs related to the production of its toothpick motors. The direct labor standard for each toothpick motor is 1.25 hours at a standard cost of $9.50 per hour. During the month of May, Discover's toothpick motor production used 5,900 direct labor-hours at a total direct
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quiz chapt 10 w answers - quiz chapt 10 Student 1 An...

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