Multiple Choice
Which of the following would lead to a materials price variance?
A) More materials have been used than standard
B) More labour hours have been worked than standard
C) The price of materials was higher than standard
D) Direct labour rate was higher than standard
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Variable overhead variances are typically in proportion
Q15: Variable overhead price variance can be expressed
Q16: Which of the following statements is INCORRECT?<br>A)
Q17: Fixed overhead expenditure variance can be expressed
Q18: LR Kinncaid Company assembles steel components
Q20: LR Kinncaid Company assembles steel components
Q21: Direct labour efficiency variance can be expresses
Q22: Which of the following would be the
Q23: The sales margin volume variance measures the
Q24: The direct labour rate variance can be