Review

Question 1

When comparing three or two analyze of proposed quality improvement program, which of the following costs are included in the total of undertaking the quality of improvement program

Answer 1

Inspection of raw materials

Question 2

Which of the following is an example of direct labor cost standard?
$40 for a direct labor hours
50 ft.² per unit
0.5 direct labor hours per unit.
0.95 per square foot.

Answer 2

$40 per direct labor hours

Question 3

The equivalent units of production for transferred in units are always 100% because

Answer 3

They were 100% complete with respect to the previous department

Question 4

A favorable sales volume variance in variable cost suggest

Answer 4

Decrease in the number of actual unit sold one compared to the expected number of units sold

Question 5

True or false
A process costing system is most suitable for businesses, that manufacture batches of unique products or provide specialized services

Answer 5

False

Question 6

The sales volume variance is the difference between the

Answer 6

Expected results in the flexible budget for the actual unit. Sold in the static budget.

Question 7

True or false
Under a process costing system, product cost or accumulated with respect to jobs completed

Answer 7

False

Question 8

The starting point in developing the master budget is the preparation of the

Answer 8

Sales budget

Question 9

The characteristic of the products that are produced in a series of steps or processes is that

Answer 9

 They are homogeneous and made in large quantities

Question 10

The efficiencies variance measures

Answer 10

How well, the business uses its materials or resources?

Question 11

Is it on any favorable sales, volume variance, and operating income suggest

Answer 11

Decreasing number of actual unit sold one compared to the expected number of units sold

Question 12

Under process costing cost assigned to goods sold, or transferred to the cost of goods sold account for the

Answer 12

Finished goods inventory account

Question 13

Three setting standard cost is the function of the companies production department, and does not require inflate from other departments

Answer 13

False

Question 14

Setting standard cost as a function of the companies, production department, and does not require input from other departments

Answer 14

False

Question 15

The costs that were incurred in a previous process and brought into a later process, as a part of the products cost are called

Answer 15

Transferred in cost

Question 16

Our cost incurred after the hey company delivers poor quality goods or services, and then hast to make things right with the

Answer 16

External failure cost

Question 17

The cost incurred in training employees example of

Answer 17

Prevention cost

Question 18

When using management by exception, purchasing manager, should be question for which of the following variances

Answer 18

Direct materials cost

Question 19

When favorable variances are added to unfavorable variance, the result is always total favorable variance

Answer 19

False