Multiple Choice
When it comes to variances,
A) actual costs that vary from standard costs always indicate efficiencies.
B) ideal standards will generally result in favourable variances for the company.
C) a variance is the difference between total actual costs and total standard costs.
D) if actual costs are less than standard costs, the variance is unfavourable.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: A debit to the Overhead Volume Variance
Q87: If 20,000 kilograms of direct materials
Q89: The learning and growth perspective on the
Q90: If the standard hours allowed are less
Q92: If standard costs are incorporated into the
Q93: In income statements prepared for management under
Q94: All of the following variances are reported
Q95: If the materials price variance is $600
Q96: If actual direct material costs are greater
Q163: The cost of freight-in<br>A) is to be