31. A standard that assumes perfect implementation and maximum efficiency is called a(n): A….

 
   

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31. A standard
that assumes perfect implementation and maximum efficiency is called a(n):

A.
Currently
attainable standard.
B. Practical
standard.
C. Efficiency
standard.
D. Normal
standard.
E. Ideal
standard.

32.
A standard that sets the performance
criterion at a level that workers with proper training and experience can
attain most of the time without extraordinary effort is a(n):

A.
Currently attainable standard. B. Practical standard.

C.
Efficiency standard. D. Ideal standard.

33. The total
variable cost flexible-budget variance for any given period:

A.
Is the difference between actual total variable cost incurred and master
budgeted total variable cost. B. Is decomposable into sales-volume and
sales-mix components.
C.
Is decomposable into production-volume and production-mix components.

D. Can be broken down into flexible-budget variances
for major costs such as materials, labor, variable overhead, and variable
selling expenses.

34. The
flexible-budget variable cost variance includes all of the following except:

A. Direct
materials variances.
B.
Sales price variance.
C.
Variable selling and administrative expenses variances.
D.
Direct labor variances.
E.
Variable overhead variances.

35. Which
one of the following is the difference in direct material costs between the
actual amount incurred and the total standard cost in the flexible budget for
the units manufactured during the period?

A.
Direct
materials price variance.
B. Direct
materials mix variance.
C. Direct
materials usage variance.
D. Direct
materials flexible-budget variance.
E. Direct
materials efficiency variance.

36.
For a direct material, which one of the
following is the difference between the actual and standard unit price of the
direct material multiplied by the actual quantity of the material purchased?

A.
Direct
materials price variance.
B. Direct
materials volume variance.
C. Direct
materials usage variance.
D. Direct
materials flexible-budget variance.
E. Direct
materials mix variance.

37. Which
one of the following, for each direct material used in production, is the
difference between the actual units of material used and the total standard
units of the direct material that should have been used for the units of the
product manufactured during the period, multiplied by the standard unit price
of the direct materials?

A.
Direct
materials sales-volume variance.
B. Direct
materials rate variance.
C. Direct
materials usage variance.
D. Direct
materials flexible-budget variance.
E. Direct
materials mix variance.

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

A.
Total
direct labor standard cost variance.
B. Direct
labor efficiency variance.
C. Direct
labor usage variance.
D. Direct
labor flexible-budget variance.
E. Direct
labor rate variance.

39. Which
one of the following is the difference between the actual and standard direct
labor hours for the units manufactured, multiplied by the standard hourly wage
rate per hour?

A.
Direct
labor price variance.
B. Direct
labor efficiency variance.
C. Total
direct labor standard cost variance.
D. Direct
labor flexible-budget variance.
E. Direct
labor operating-income variance.

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

A.
To
achieve financial control regarding operating activities.
B. To
facilitate the recording of manufacturing costs during a period.
C. To
adjust reported income to flexible-budget income.
D. To
diagnose the problems of operating problems as well as what should be done to
correct such problems.