to identify variances from actual price that help them in preserving profitsto determine nonperformers in the workplaceto identify what sellers are unreliableto determine defective materials

LO 8.1This traditional is collection at a level that might be got to with reasonable initiative.

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ideal standardattainable standardunattainable standardvariance from standard

LO 8.1This standard is collection at a level that can be completed if every little thing ran perfectly.

best standardattainable standardunattainable standardvariance from standard

LO 8.1This variance is the distinction including spending more or utilizing even more than the standard amount.

favorable varianceunfavorable varianceno variancevariance

LO 8.1This variance is the distinction including spending much less, or utilizing less than the typical amount.

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favorable varianceunfavorable varianceno variancevariance

LO 8.2What are some possible factors for a material price variance?

subconventional materiallabor rate increaseslabor rate decreaseslabor efficiency

LO 8.2When is the material price variance unfavorable?

once the actual quantity offered is higher than the traditional quantitywhen the actual quantity provided is less than the traditional quantityas soon as the actual price passist is higher than the traditional priceonce the actual price is less than the typical price

LO 8.2When is the material price variance favorable?

when the actual amount used is better than the standard quantityonce the actual amount used is less than the traditional quantitywhen the actual price paid is better than the conventional priceas soon as the actual price is less than the standard price

LO 8.2What are some factors for a material quantity variance?

building rental charges increaselabor price decreaseseven more qualified workersreadjust in the actual expense of materials

LO 8.2When is the material quantity variance favorable?

once the actual amount used is better than the typical quantityonce the actual quantity provided is less than the traditional quantityonce the actual price phelp is better than the traditional pricewhen the actual price is less than the typical price

LO 8.2When is the product quantity unfavorable?

when the actual amount offered is greater than the standard quantityonce the actual amount provided is much less than the traditional quantityonce the actual price passist is better than the standard priceas soon as the actual price is less than the standard price

LO 8.3What are some feasible factors for a labor rate variance?

hiring of much less qualified workersan excess of product usagematerial price increaseutilities consumption change

LO 8.3When is the labor price variance unfavorable?

once the actual amount supplied is greater than the typical quantitywhen the actual quantity supplied is much less than the conventional quantitywhen the actual price passist is better than the conventional priceonce the actual price is much less than the typical price

LO 8.3When is the labor price variance favorable?

once the actual quantity provided is greater than the standard quantityonce the actual amount offered is much less than the traditional quantityas soon as the actual price is greater than the typical priceas soon as the actual price is less than the conventional price

LO 8.3What are some feasible reasons for a straight labor time variance?

utility intake decreasemuch less qualified workersoffice provides spendingsales decline

LO 8.3When is the direct labor time variance favorable?

when the actual quantity provided is greater than the traditional quantitywhen the actual quantity provided is less than the typical quantityonce the actual price paid is better than the traditional pricewhen the actual price is much less than the traditional price

LO 8.3When is the straight labor time variance unfavorable?

once the actual amount supplied is greater than the conventional quantityonce the actual quantity supplied is much less than the traditional quantitywhen the actual price passist is higher than the traditional pricewhen the actual price is less than the standard price

LO 8.4A versatile budgain ________.

predicts estimated revenues and also prices at varying levels of productionoffers actual figures for offering pricegives actual figures for variable and also resolved overheadis not offered in overhead variance calculations

LO 8.4The variable overhead rate variance is led to by the amount in between which of the following?

actual and also standard allocation baseactual and also conventional overhead ratesactual and budgeted unitsactual units and also actual overhead rates

LO 8.4The variable overhead efficiency variance is brought about by the difference between which of the following?

actual and also budgeted unitsactual and also standard alarea baseactual and conventional overhead ratesactual devices and also actual overhead rates

LO 8.4The addressed manufacturing facility overhead variance is resulted in by the distinction between which of the following?

actual and standard alarea baseactual and also budgeted unitsactual fixed overhead and also used fixed overheadactual and also conventional overhead rates

LO 8.5Which of the adhering to is a feasible cause of an adverse product price variance?

purchasing as well much materialpurchasing higher-top quality materialhiring subtraditional workersbuying substandard material

LO 8.5Which of the complying with is a feasible cause of a negative product amount variance?

purchasing substandard materialhiring higher-quality workerspaying more than should have actually for workerspurchasing also much material

LO 8.5Which of the adhering to is a possible cause of an adverse labor performance variance?

hiring substandard workersmaking as well many kind of unitsbuying higher-high quality materialpaying too a lot for workers

LO 8.5Which of the adhering to is a feasible cause of an adverse labor price variance?

hiring also many workershiring higher-top quality workers at a higher wagemaking too many type of unitspurchasing as well much material