A) $4,500. B) $6,000. C) $7,500. D) $9,000. E) $10,000. A) $4,500. B) $6,000. C) $7,500. D) $9,000. E) $10,000.

Exam 14: Operational Performance Measurement: Sales, Direct-Cost Variances, and the Role of Nonfinancial Performance Measures

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The actual total cost of direct materials used in production during July was:

(Multiple Choice)

4.8/5

(37)

Question 61

The standard direct labor rate per hour is:

(Multiple Choice)

4.7/5

(48)

Question 62

A materials efficiency variance can be caused by all of the following except:

(Multiple Choice)

4.8/5

(35)

Question 63

Which of the following is not an anticipated benefit of switching to a JIT production system?

(Multiple Choice)

4.8/5

(36)

Question 64

The actual total cost of direct materials used in production is:

(Multiple Choice)

4.9/5

(32)

Question 65

The sales volume variance, in terms of operating income, for October is:

(Multiple Choice)

4.7/5

(39)

Question 66

A flexible-budget variance for any fixed cost:

(Multiple Choice)

4.8/5

(43)

Question 67

Which one of the following is the difference between the actual hourly wage rate and the standard hourly wage rate, multiplied by the actual direct labor hours worked during a period?

(Multiple Choice)

4.9/5

(38)

Question 68

The actual direct materials purchase price (AP) per kilogram in July was:

(Multiple Choice)

4.8/5

(37)

Question 69

The difference between the total actual sales revenue of a period and the total flexible-budget sales revenue for the units sold during the period is the:

(Multiple Choice)

4.9/5

(38)

Question 70

The primary purpose of calculating standard cost variances each period is:

(Multiple Choice)

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Question 71

The direct materials purchase-price variance is:

(Multiple Choice)

4.8/5

(42)

Question 72

The amount F is:

(Multiple Choice)

4.9/5

(38)

Question 73

The actual purchase price per pound of direct materials is:

(Multiple Choice)

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(37)

Question 74

A favorable cost variance of significant magnitude:

(Multiple Choice)

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(40)

Question 75

The actual direct labor rate per hour (AP) is:

(Multiple Choice)

4.8/5

(34)

Question 76

McElroy Company has prepared the following master budget for 2013. Although McElroy has the capacity to manufacture 50,000 units, management expected the likely demand for its product to be 40,000 units in 2013; as such, it prepared the master budget to manufacture and sell 40,000 units. In early January 2014, the company was pleasantly surprised to find out that it manufactured and sold 45,000 units in 2013. Required: Prepare the flexible budget (FB) for the actual operating level achieved in 2013.

(Essay)

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Question 77

What was Mandy's actual direct labor rate per hour (AP)?

(Multiple Choice)

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Question 78

The way managers and employees who are affected by a standard cost system perceive the system will:

(Multiple Choice)

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Question 79

For operational control, a management accounting system should include:

(Multiple Choice)

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Question 80

Showing 61 - 80 of 178

The actual total cost of direct materials used in production during July was:

The standard direct labor rate per hour is:

A materials efficiency variance can be caused by all of the following except:

Which of the following is not an anticipated benefit of switching to a JIT production system?

The actual total cost of direct materials used in production is:

The sales volume variance, in terms of operating income, for October is:

A flexible-budget variance for any fixed cost:

Which one of the following is the difference between the actual hourly wage rate and the standard hourly wage rate, multiplied by the actual direct labor hours worked during a period?

The actual direct materials purchase price (AP) per kilogram in July was:

The difference between the total actual sales revenue of a period and the total flexible-budget sales revenue for the units sold during the period is the:

The primary purpose of calculating standard cost variances each period is:

The direct materials purchase-price variance is:

The amount F is:

The actual purchase price per pound of direct materials is:

A favorable cost variance of significant magnitude:

The actual direct labor rate per hour (AP) is:

What was Mandy's actual direct labor rate per hour (AP)?

The way managers and employees who are affected by a standard cost system perceive the system will:

For operational control, a management accounting system should include:

Cost Management and Strategy

Implementing Strategy: the Value Chain, the Balanced Scorecard, and the Strategy Map

Basic Cost Management Concepts

Job Costing

Activity-Based Costing and Customer Profitability Analysis

Process Costing

Cost Allocation: Departments, Joint Products, and By-Products

Cost Estimation

Short-Term Profit Planning: Cost-Volume-Profit Cvp Analysis

Strategy and the Master Budget

Decision Making With a Strategic Emphasis

Strategy and the Analysis of Capital Investments

Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

Operational Performance Measurement: Indirect-Cost Variances and Resource-Capacity Management

Operational Performance Measurement: Further Analysis of Productivity and Sales

The Management and Control of Quality

Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Strategic Performance Measurement: Investment Centers and Transfer Pricing

Management Compensation, Business Analysis, and Business Valuation

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