Exam 17: Additional Topics in Variance Analysis

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If the number of units produced exceeds the number of units sold,the full-absorption operating profit will be lower than variable costing operating profit.

(True/False)

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Question 81

Some variances are the result of standards that are inaccurate or do not reflect the current production process.

(True/False)

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Question 82

The sales activity variance is equal to the sum of the market share variance and the

(Multiple Choice)

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Question 83

The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.

(True/False)

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Question 84

Labor variances are more important than material variances in service organizations.

(True/False)

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Question 85

Is the sales quantity variance for the basic model favorable or unfavorable?

(Multiple Choice)

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Question 86

If a company sells two products,it is possible for both products to have a favorable sales mix variance.

(True/False)

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Question 87

Is the sales quantity variance for the basic model favorable or unfavorable?

(Multiple Choice)

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Question 88

What is the total materials yield variance?

(Multiple Choice)

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Question 89

An increase in an industry's volume and a decrease in a company's market share implies that the company's sales price variance is unfavorable.

(True/False)

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Question 90

What is the materials yield variance?

(Multiple Choice)

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Question 91

Is the direct labor yield variance favorable or unfavorable?

(Multiple Choice)

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Question 92

Which of the following factors should not be considered when deciding whether to investigate a variance?

(Multiple Choice)

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Question 93

Showing 81 - 93 of 93

If the number of units produced exceeds the number of units sold,the full-absorption operating profit will be lower than variable costing operating profit.

Some variances are the result of standards that are inaccurate or do not reflect the current production process.

The sales activity variance is equal to the sum of the market share variance and the

The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.

Labor variances are more important than material variances in service organizations.

Is the sales quantity variance for the basic model favorable or unfavorable?

If a company sells two products,it is possible for both products to have a favorable sales mix variance.

Is the sales quantity variance for the basic model favorable or unfavorable?

What is the total materials yield variance?

An increase in an industry's volume and a decrease in a company's market share implies that the company's sales price variance is unfavorable.

What is the materials yield variance?

Is the direct labor yield variance favorable or unfavorable?

Which of the following factors should not be considered when deciding whether to investigate a variance?

Cost Accounting: Information for Decision Making

Fundamentals of Cost-Volume-Profit Analysis

Fundamentals of Cost Analysis for Decision Making

Cost Estimation

Fundamentals of Product and Service Costing

Job Costing

Process Costing

Activity-Based Costing

Service Department and Joint Cost Allocation

Fundamentals of Management Control Systems

Planning and Budgeting

Business Unit Performance Measurement

Transfer Pricing

Fundamentals of Variance Analysis

Nonfinancial and Multiple Measures of Performance

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