Standard Costs and Variance Analysis Paper 16

1

If Moore Corporation used a normal cost system, applying overhead based on the number of units produced, the variance that could arise that would not be present under an actual cost system is the






2

For a given time period, a company had a favorable material quantity variance, a favorable direct labor efficiency variance, and a favorable fixed overhead volume variance. Of the following, the one factor that could not have caused all three variances is






3

In analyzing company operations, the controller of the Jason Corporation found a $250,000 favorable flexible-budget revenue variance. The variance was calculated by comparing the actual results with the flexible budget. This variance can be wholly explained by






4

The variance that arises solely because the quantity actually sold differs from the quantity budgeted to be sold is






5

The sales volume variance is partly a function of the unit contribution margin (UCM). For a single-product company, it is






6

For a company that produces more than one product, the sales volume variance can be divided into which two of the following additional variances?






7

The sales quantity variance is partly a function of the unit contribution margin (UCM). It equals






8

The sales mix variance is partly a function of the unit contribution margin (UCM). It equals






9

The market size variance is partly a function of the unit contribution margin (UCM). It equals






10

The market size variance is partly a function of the unit contribution margin (UCM). It equals






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