When performing input output variance analysis in

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Survey of Accounting
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Chapter 13 / Exercise E13-29
Survey of Accounting
Warren
Expert Verified
17. When performing input-output variance analysis in standard costing, "standard hours allowed" is a means of measuring: a. Standard output at standard hours. b. Actual output at standard hours. c. Standard output at actual hours. d. Actual output at actual hours. ANS: B Standard hours allowed in standard costing refers to the standard hours allowed for the actual amount of units produced or how many hours the work should have taken.
PTS: 1 DIF: Moderate REF: P. OBJ: 3 NAT: IMA 2D - Performance Measurement TOP: AACSB - Reflective
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Survey of Accounting
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Chapter 13 / Exercise E13-29
Survey of Accounting
Warren
Expert Verified
18. An unfavorable labor efficiency variance is the:
PTS: 1 DIF: Moderate REF: P. OBJ: 3 NAT: IMA 2D - Performance Measurement TOP: AACSB - Analytic19. Information relating to direct labor for the Newstead Company follow: Actual direct labor hours 5,600 Standard direct labor hours 5,400 Total direct labor per payroll $53,200 Standard labor rate per hour $9.00 The labor efficiency variance is:
PTS: 1 DIF: Moderate REF: P. OBJ: 3 NAT: IMA 2D - Performance Measurement TOP: AACSB - Analytic20. Alyssa Corporation uses a standard cost system. Direct labor information for Product CER for the month of October is as follows: Standard rate $8.00 per hour Actual rate paid $8.30 per hour Standard hours allowed for actual production 1,400 hours Labor efficiency variance $ 800 unfavorable What are actual hours worked?
$8 PTS: 1 DIF: Moderate REF: P. OBJ: 3 NAT: IMA 2D - Performance Measurement TOP: AACSB - Analytic

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