29 Jun Question 51. In regard to the investigatio
Question
51. In regard to the investigation of variances under uncertainty, which of the following is not a positive (i.e., desirable) combination of courses of actionand states of nature?
A. Investigate; a random fluctuation has occurred.
B. Do not investigate; a random fluctuation has occurred.
C. Do not investigate; a noncontrollable fluctuation has occurred.
D. Investigate; a nonrandom fluctuation has occurred.
52. The difference between the total factory overhead cost in the flexible budget for the actual units produced and the amount of factory overhead cost applied to products using the standard overhead rate is called the factory overhead ______________
A. Flexible-budget variance.
B. Production-volume variance.
C. Total fixed cost variance.
D. Efficiency variance.
E. Controllable variance.
53. The difference between total factory overhead cost incurred during a period and the total standard factory overhead cost assigned to production of the period is the ______________
A. Flexible-budget variance.
B. Production-volume variance.
C. Total factory overhead variance.
D. Overhead efficiency variance.
E. Total overhead spending variance.
54. For product-costing purposes, which of the following statements is true?
A. It is necessary to “unitize” fixed overhead costs, under the absorption or full-costing approach.
B. The amount of standard fixed overhead costs for product-costing and control purposes is the same.
C. Only standard variable overhead costs are included since these costs change in response to cost drivers.
D. Standard costing is not permissible under generally accepted accounting principles.
E. Total fixed overhead costs are applied as a “lump-sum” amount.
55. All of the following choices exist for defining the denominator volume (denominator activity level) for assigning fixed overhead costs in a standard cost system, except:
A. Budgeted capacity utilization.
B. Actual capacity utilization.
C. Theoretical capacity.
D. Practical capacity.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.