Favorable direct manufacturing labor efficiency

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Intermediate Financial Management
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Chapter 19 / Exercise 19-3
Intermediate Financial Management
Brigham/Daves
Expert Verified
153) Favorable direct manufacturing labor efficiency variances are: A) always credits B) always debits C) debited to the Work-in-Process Control account D) debited to the Wages Payable Control account Answer:
ADiff: 1Terms: efficiency varianceObjective: 5AACSB: Reflective thinking154) From the perspective of control, the direct materials efficiency variance should be isolated at the time of:
BDiff: 2Terms: efficiency varianceObjective: 5AACSB: Reflective thinking45
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Intermediate Financial Management
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Chapter 19 / Exercise 19-3
Intermediate Financial Management
Brigham/Daves
Expert Verified
155) Standard costing systems are a useful tool when using:
DDiff: 2Terms: standard costObjective: 5AACSB: Reflective thinking156) Performance variance analysis can be calculated for:
DDiff: 2Terms: varianceObjective: 6AACSB: Reflective thinking157) A favorable efficiency variance for material-handling labor-hours per batch could result from: A) inefficient production-floor layouts compared to those expected when preparing the budget B) materials-handling labor waiting to pick up materials C) well-trained and experienced material-handling employees D) lower wages than planned for material-handling labor Answer:
CDiff: 2Terms: efficiency varianceObjective: 6AACSB: Analytical skills158) The process by which a company's products or services are measured relative to the best possible levels of performance is known as:
BDiff: 1Terms: benchmarkingObjective: 7AACSB: Reflective thinking46
159) When benchmarking:
CDiff: 2Terms: benchmarkingObjective: 7AACSB: Reflective thinking160) Ensuring benchmark numbers are comparable can be difficult because differences can exist across companies with:
DDiff: 2Terms: benchmarkingObjective: 7AACSB: Reflective thinking

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