A b c d a company using a standard cost system

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A.B.C.D.
A company using a standard cost system established a standard fixed cost per finished unit of $4.00 and forecasted
B.C.D.A standard cost system is often used in variance analysis because standard costsInclude past inefficiencies and exclude expected future changes.Include past inefficiencies and take into account expected future changes.Exclude past inefficiencies and exclude expected future changes.Exclude past inefficiencies and take into account expected future changesDirect labor costs for June were as follows:Actual direct labor hours32,000Standard direct labor hours33,600Direct labor rate variance -- favorable$6,720Standard direct labor rate per hour$5.04Compute total direct labor payroll for the month of June.$168,000$167,680$154,560$154,880A company using a standard cost system established a standard fixed cost per finished unit of $4.00 and forecastedproduction and sales of 300,000 units. For the year, the company experienced an unfavorable production volumevariance of $14,000. Which one of the following would be the cause of this variance?A.B.C.D.A company that manufactures a product using scarce and costly materials utilizes management by exception. Thecompany’s flexible budget indicated $2,000,000 of material costs, $3,000,000 of direct labor, and $5,000,000 ofmanufacturing overhead to support $20,000,000 of sales. Under this system, which one of the following varianceswould not be further investigated?Which one of the following variances is most controllable by the production control supervisor?A company uses a standard cost system. On January 1 of the current year, the company budgeted fixed manufacturingoverhead cost of $600,000 and production at 200,000 units. During the year, the firm produced 190,000 units andincurred fixed manufacturing overhead of $595,000. The production volume variance for the year was

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Term
Spring
Professor
N/A
Tags
Cost Accounting, Direct material price variance, production manager

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