07 Apr 21.Which of the following comparisons best isolate
21.Which of the following comparisons best isolates the impact that changes in operating efficiency have on performance?A.static planning budget and flexible budgetB.static planning budget and actual resultsC.flexible budget and actual resultsD.master budget and static planning budget22.Hoppy Corporation compares monthly operating results to a static budget prepared at the beginning of the month. When the actual level of activity is less than budgeted, which of the following would be true?A.Variable costs would show favorable variances.B.Variable costs would show unfavorable variances.C.Fixed costs would show favorable variances.D.Fixed costs would show unfavorable variances.23.The WRT Corporation makes collections on sales according to the following schedule:25% in month of sale, 65% in month following sale, 5% in second month following sale and5% uncollectibleThe following sales have been budgeted:salesapril $120,000may 100,000june 110,000Budgeted cash collections in June would be:A.$27,500B.$98,500C.$71,000D.$115,50024.Which of the following would produce a materials price variance?A.An excess quantity of materials used.B.An excess number of direct labor-hours worked in completing a job.C.Shipping materials to the plant by air freight rather than by truck.D.Breakage of materials in production.25.The variance that is usually most useful in assessing the performance of the purchasing department manager is:A.the materials quantity variance.B.the materials price variance.C.the labor rate variance.D.the labor efficiency variance.26.Which of the following would produce a labor rate variance?A.Poor quality materials causing breakage and work interruptions.B.Use of persons with high hourly wage rates in tasks that call for low hourly wage rates.C.Excessive number of hours worked in completing a job.D.An unfavorable variable overhead rate variance.27.The following materials standards have been established for a particular product:standard quantity per unit 1.7 metersstandard price $19.80 per meterThe following data pertain to operations concerning the product for the last month:actual materials purchased 5,800 metersactual cost of materials purchased $113,680actual materials used in production 5,100 meteractual output 3,200 unitsWhat is the materials quantity variance for the month?A.$13,720 UB.$6,732 FC.$13,860 UD.$6,664 F28.The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound. During the past period, 56,000 units of product were made and the materials quantity variance was $30,000 U. The number of pounds of direct material used during the period amounted to:A.1,080,000B.1,160,000C.1,200,000D.784,00029.The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per kilogram. The production of the product in April was 870 units, but production had been budgeted for 850 units. During April, 8,200 kilograms of the raw material were purchased for $6,888 and 7,150 kilograms of the raw material were used in production. The material variances for April were:materials price variance material quantity variancea 286U 152Ub 286U 280Uc 328U 152Ud 328U 280UC.D.30.The following materials standards have been established for a particular product:standard quantity per unit of output 8.3 gramsstandard price $19.15 per gramThe following data pertain to operations concerning the product for the last month:actual materials purchased 7500 gramsactual cost of materials purchase $141,375actual materials used in production 7,100actual output 700 unitsWhat is the materials price variance for the month?A.$2,250 FB.$7,540 UC.$24,317 UD.$7,660 U
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