Material price variance - Study guides, Class notes & Summaries

A(n) ________ is a carefully predetermined cost that is usually expressed on a per unit basis. A) allocated cost B) applied cost C) standard cost D) flexible cost - ANSWER c The type of standard that provides allowances for normal amounts of waste and inefficiency in the production process is referred to as a(n) A) ideal standard. B) perfection standard. C) realistic standard. D) practical standard. - ANSWER d As managers use less and different types of direct materials, which of the...

Budget - ANSWERSa detailed plan, expressed in quantitative terms, that specifies how resources will be acquired and used during a given period of time Capital expenditure budget - ANSWERSshows dollar amounts estimated to be spent to purchase additional plant assets the company will use to carry out its budgeted business activities Rolling Budget - ANSWERScontinuously updated by adding a new time period (e.g., a month) and dropping the period just completed Padding the budget, budgetary ...

ETS Business Exam Study Guide Exam With Complete Solutions 2024 Accounting: What costs should be considered when making non-routine decisions? (3) - answerThe price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? - answerProduct Cost per Unit Accounting: What is a general explanation of what the contribution margin is? - answerThe difference between variable costs subtracted from sales Accounting: In a continuous budg...

AAT Level 3 - CSTR - Fixed & Flexed Budgets Exam Review Questions and answers, rated A+/ Analysis of fixed budget and actual results: - -1. The difference between budget and actual figures is called variance 2. Adverse variance occurs when actual costs exceed the budgeted costs 3. Favourable variance occurs when the actual cost is less than the budgeted cost Causes of labour variance - -1. Rate changes 2. Efficiency of staff to produce output 3. Change in hours required to reach output...

Which of the following is an example of a butter substitute in a recipe? - Answer-margarine What can be made by simmering fresh fruits or dried fruits in a sugar syrup? - Answer-compote A recommended guideline regarding plate presentation in reference to sauces is that sauce should - Answer-be served around or under food Which cooking method is best for very lean fish> - Answer-poaching Which type of connective tissue will break down during the process of cooking meat? - Answer-collagen ...

Tennessee Affiliate Broker License Exam Flashcards exam with 100% correct answersCapitalization The process of calculating the present worth of a property on the basis of its capacity to continue to produce an income stream Economic age Age of a building determined by its condition and usefulness. Gross income multiplier (GIM) A figure which, when multiplied by the annual gross income from all sources, not just annual rent, equals the property’s market value. ...

1. A veteran buying a home from a for sale by owner and financing it with a VA loan can do all of the following except: Immediately rent the home after closing to make the monthly payments 2. After Charlie's death, his will indicates that all of his real property must go to charity what can Charlie's wife do? Nothing Brainpower Read More 3. Two Brokers decide to go broke 60/40 in favor of the listing broker, and each broker split 50 Dash 50 with his sales person. How much will the lis...

Acct chapter 11 100% SOLUTION A(n) ________ is a carefully predetermined cost that is usually expressed on a per unit basis. A) allocated cost B) applied cost C) standard cost D) flexible cost - ANSWER c The type of standard that provides allowances for normal amounts of waste and inefficiency in the production process is referred to as a(n) A) ideal standard. B) perfection standard. C) realistic standard. D) practical standard. - ANSWER d As managers use less and different typ...

APIC'S CPIM Part 1 Post Test Questions And Answers 100% Solved In addition to customer orders, the master production schedule (MPS) might handle which of the following types of demand? Bill-of-material items Interplant orders Dependent demand Parts list items - answerInterplant orders: Interplant demand is usually handled by the master production scheduling system in a manner similar to customer orders. A shipment of remote control components is delivered to a factory and immediately t...

BUSINESS MAJOR FIELD TEST QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Accounting: What costs should be considered when making non-routine decisions? (3) - CORRECT ANSWER The price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? - CORRECT ANSWER Product Cost per Unit Accounting: What is a general explanation of what the contribution margin is? - CORRECT ANSWER The difference between variable cos...