30) The flexible budget revenue variance results: A) when the actual sales price...
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Accounting
30) The flexible budget revenue variance results: | |||||||||||
A) when the actual sales price differs from the static budget sales price. | |||||||||||
B) when the actual units sold differs from the static budget sales units. | |||||||||||
C) when actual units and actual sales price differs from the static budget units sold and sales price. | |||||||||||
D) when actual units sold equal static budget units sold. | |||||||||||
31) Under standard costing, if the direct materials price paid for inputs is more than planned, you would: | |||||||||||
A) debit Direct Material Control for the actual amount paid to purchase direct materials. | |||||||||||
B) | debit Direct Material Control for the budgeted quantity to be purchased times the actual price paid per input for the inputs purchased. | ||||||||||
C) | credit Accounts Payable Control for the budgeted price per input times the budgeted quantity of inputs purchased. | ||||||||||
D) | Debit Direct Material Control for the actual quantities purchased times the standard price per input. | ||||||||||
32) Under standard costing, if the direct material price paid is more than the standard price, you would: | |||||||||||
A) debit Work-in-Process. | |||||||||||
B) credit Direct Material Control. | |||||||||||
C) debit Direct Material Price Variance. | |||||||||||
D) debit Direct Material Efficiency Variance. | |||||||||||
33) Using standard costing, the sales price variance would be reflected on a budget performance report under: | |||||||||||
A) | either "Sales-Volume Variances" or "Flexible Budget Variances" for revenues. | ||||||||||
B) | both "Sales-Volume Variances" or "Flexible Budget Variances" for revenues. | ||||||||||
C) | only the "Sales-Volume Variances" for revenues. | ||||||||||
D) | only the "Flexible Budget Variances" for revenues. | ||||||||||
E) | neither "Sales-Volume Variances" or "Flexible Budget Variances" for revenues. | ||||||||||
34) Under standard costing, a sales-volume variance results when there are: | |||||||||||
A) | differences between the flexible budget units sold and the actual units sold. | ||||||||||
B) | differences between static budget units sold and actual units sold. | ||||||||||
C) | differences between the static budget selling price and the actual sales price. | ||||||||||
D) | no differences between static budget units sold and actual units sold. |
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