You are watching: The unfavorable volume variance may be due to all of the following factors except
Standards that deserve to be attained via reasonable effort are well-known as __________ criteria.a. theoreticalb. normalc. ideald. Namong these selections are correct.
The distinctions in between actual and typical expenses are called __________ variances.a. costb. profitc. quantityd. volume
A favorable cost variance results whena. actual price is higher than traditional price at actual volumes.b. actual expense is much less than conventional price at actual quantities.c. actual price is equal to conventional price at actual volumes.d. actual price is higher than traditional expense at budgeted quantities.
The components of the full direct products cost variance are the __________ variance and also the __________ variance.a. direct products price; direct labor timeb. direct materials price; manufacturing facility overhead volumec. straight products price; straight products quantityd. Namong these choices are correct.
The straight labor rate variance and the straight labor time variance make up the ________.a. actual straight labor costb. traditional direct labor costc. total direct labor expense varianced. Namong these choices are correct.
Which of the adhering to measures the straight products quantity variance?a. (Actual Quantity - Standard Quantity) × Standard Priceb. (Actual Price - Standard Price) × Actual Quantityc. Actual Costs - (Standard Quantity × Standard Price)d. (Actual Quantity + Standard Quantity) × Standard Price
Factory overhead has ________.a. both resolved and variable expense elementsb. only fixed expense elementsc. only variable expense elementsd. None of these options are correct.
An unfavorable resolved factory overhead volume variance occurs when the ________.a. actual units produced is much less than 100% of normal capacity.b. actual units created is even more than 100% of normal capacity.c. actual units sold is more than 100% of normal capacity.d. None of these options are correct.
An unfavorable volume variance occurs as a result of ________.a. machine breakdownsb. job-related stopperas brought about by lack of materials or skilled laborc. absence of sufficient sales orders to keep the factory operating at normal capacityd. All of these selections are correct.
. The journal entry to record an unfavorable direct products price variance would incorporate a ________.a. credit to Direct Materials Price Varianceb. debit to Direct Materials Price Variancec. crmodify to Materialsd. None of these selections are correct.
In preparing an income statement for exterior customers, the balances of the variance accounts are normally moved to ________.a. Income Summaryb. Work in Processc. Cost of Goods Soldd. Finished Goods Inventory
A nonfinancial performance meacertain is frequently supplied to evaluate the __________ of a organization activity.a. timeb. qualityc. quantityd. All of these options are correct.
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All of the complying with are examples of nonfinancial performance steps except ________.a. inventory turnoverb. wait timec. number of customer complaintsd. None of these selections are correct.
The unfavorable volume variance might be due to all of the following factors excepta. faientice to obtain enough sales ordersb. machine breakdownsc. unexpected increases in the price of utilitiesd. faitempt to maintain an also flow of work
At the finish of the fiscal year, variances from conventional prices are typically moved to thea. direct labor accountb. factory overhead accountc. direct products accountd. cost of items sold account
The typical price and amount of direct products are separated becausea. direct products prices are controlled by the purchasing department and also amount offered is regulated by the manufacturing departmentb. traditional prices are more hard to estimate than standard quantitiesc. GAAP and also IFRS reporting requires separationd. typical quantities readjust more commonly than standard prices
a. direct products prices are controlled by the purchasing department and amount supplied is regulated by the production department
If at the end of the fiscal year, the variances from standard are significant, the variances need to be transferred to thea. occupational in process accountb. finished goods accountc. job-related in process, price of items marketed, and also finimelted items accountsd. expense of goods marketed account