BEC - 25

Question 1

What might an unfavorable direct labor efficiency variance be caused by

Answer 1

Unfavorable material usage variance

Question 2

What might an unfavorable material usage variance be caused by?

Answer 2

Defective materials, which also may cause an unfavorable labor efficiency variance

Question 3

Formula for pre-determined OH rate

Answer 3

Predetermined OH: Est OH / Capacity = $OH / Unit

Question 4

Break Even Point Formula

Answer 4

Total Fixed Costs / CM %

Question 5

Monitoring is characterized by

Answer 5

Ongoing activities and separate evaluations

Question 6

Formula for an OH application rate or Predetermined OH Rate

Answer 6

Estimated Variable OH Costs / Estimated Activity Level = Predetermined Rate

Question 7

Monopolistic Competition

Answer 7

Relatively large # of firms
Operating non collusively
Produce differentiated products

Question 8

Data manipulation language

Answer 8

maintain and query a database

update, insert in, modify, query

Question 9

Field (format) check

Answer 9

The computer checks the characteristics of the character content, length, or sign of the individual data fields

Question 10

Validity Check

Answer 10

computer compares input reference data to tables or master files to make sure valid codes are being used

Question 11

Check Digit

Answer 11

An extra reference number that follows an identification number and bears a mathematical relationship to the other digits