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  • Strayer Acc560 Week 8 Quiz CH 11 (2015) 100% Answer

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    STRAYER ACC560 WEEK 8 QUIZ CH 11 (2015 ) 100% ANSWER STRAYER ACC560 WEEK 8 QUIZ CH 11 (2015 ) 100% ANSWER Question Multiple Choice Question 129 Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon’s materials price variance is $1,050 F. $135 U. $465 F. $600 F. Multiple Choice Question 81 Scorpion Production Company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company actually made 3,900 units, although it had planned to make only 3,300 units. Total yards used for production were 3,960. How much is the total materials variance? $3,960 F $48,600 U $4,860 U $900 U Multiple Choice Question 51 Standard costs may show past cost experience. help establish expected future costs. all of these. are the budgeted cost per unit in the present. Multiple Choice Question 68 Allowance for spoilage is part of the direct labor price standard. labor quantity standard. materials price standard. materials quantity standard. Multiple Choice Question 99 A company uses 8,400 pounds of materials and exceeds the standard by 300 pounds. The quantity variance is $1,800 unfavorable. What is the standard price? $2 $4 Cannot be determined from the data provided. $6 Multiple Choice Question 152 The balanced scorecard approach evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. uses only financial measures to evaluate performance. Multiple Choice Question 78 Hofburg’s standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $2 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Hofburg’s product is $14.50. $26.50. $22.50. $17.00. Multiple Choice Question 54 If a company is concerned with the potential negative effects of establishing standards, it should set loose standards that are easy to fulfill. not employ any standards. set tight standards in order to motivate people. offer wage incentives to those meeting standards. Multiple Choice Question 56 Ideal standards are rigorous but attainable. reflect optimal performance under perfect operating conditions. will always motivate employees to achieve the maximum output. are the standards generally used in a master budget. Multiple Choice Question 122 Shipp, Inc. manufactures a product requiring two pounds of direct material. During 2013, Shipp purchases 24,000 pounds of material for $99,200 when the standard price per pound is $4. During 2013, Shipp uses 22,000 pounds to make 12,000 products. The standard direct material cost per unit of finished product is $8.00. $8.53. $8.27. $9.01. Multiple Choice Question 113 Monster Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2,000 products are produced using 6,300 direct labor hours. Monster’s actual payroll during January was $98,280. What is the labor quantity variance? $2,520 F $4,800 U $4,800 F $2,280 U Multiple Choice Question 103 Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Edgar, Inc.’s materials price variance is $120 U. $1,200 U. $1,200 F. $1,080 U. Multiple Choice Question 105 Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a p

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    STRAYER ACC560 WEEK 8 QUIZ CH 11 (2015 ) 100% ANSWER STRAYER ACC560 WEEK 8 QUIZ CH 11 (2015 ) 100% ANSWER Question Multiple Choice Question 129 Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon’s materials price variance is $1,050 F. $135 U. $465 F. $600 F. Multiple Choice Question 81 Scorpion Production Company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company actually made 3,900 units, although it had planned to make only 3,300 units. Total yards used for production were 3,960. How much is the total materials variance? $3,960 F $48,600 U $4,860 U $900 U Multiple Choice Question 51 Standard costs may show past cost experience. help establish expected future costs. all of these. are the budgeted cost per unit in the present. Multiple Choice Question 68 Allowance for spoilage is part of the direct labor price standard. labor quantity standard. materials price standard. materials quantity standard. Multiple Choice Question 99 A company uses 8,400 pounds of materials and exceeds the standard by 300 pounds. The quantity variance is $1,800 unfavorable. What is the standard price? $2 $4 Cannot be determined from the data provided. $6 Multiple Choice Question 152 The balanced scorecard approach evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. uses only financial measures to evaluate performance. Multiple Choice Question 78 Hofburg’s standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $2 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Hofburg’s product is $14.50. $26.50. $22.50. $17.00. Multiple Choice Question 54 If a company is concerned with the potential negative effects of establishing standards, it should set loose standards that are easy to fulfill. not employ any standards. set tight standards in order to motivate people. offer wage incentives to those meeting standards. Multiple Choice Question 56 Ideal standards are rigorous but attainable. reflect optimal performance under perfect operating conditions. will always motivate employees to achieve the maximum output. are the standards generally used in a master budget. Multiple Choice Question 122 Shipp, Inc. manufactures a product requiring two pounds of direct material. During 2013, Shipp purchases 24,000 pounds of material for $99,200 when the standard price per pound is $4. During 2013, Shipp uses 22,000 pounds to make 12,000 products. The standard direct material cost per unit of finished product is $8.00. $8.53. $8.27. $9.01. Multiple Choice Question 113 Monster Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2,000 products are produced using 6,300 direct labor hours. Monster’s actual payroll during January was $98,280. What is the labor quantity variance? $2,520 F $4,800 U $4,800 F $2,280 U Multiple Choice Question 103 Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Edgar, Inc.’s materials price variance is $120 U. $1,200 U. $1,200 F. $1,080 U. Multiple Choice Question 105 Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a p

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    Strayer Acc560 Week 8 Quiz CH 11 (2015) 100% Answer

    Încărcat de

    teacher.theacestud
    STRAYER ACC560 WEEK 8 QUIZ CH 11 (2015 ) 100% ANSWER STRAYER ACC560 WEEK 8 QUIZ CH 11 (2015 ) 100% ANSWER Question Multiple Choice Question 129 Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $18,135. Dillon’s materials price variance is $1,050 F. $135 U. $465 F. $600 F. Multiple Choice Question 81 Scorpion Production Company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company actually made 3,900 units, although it had planned to make only 3,300 units. Total yards used for production were 3,960. How much is the total materials variance? $3,960 F $48,600 U $4,860 U $900 U Multiple Choice Question 51 Standard costs may show past cost experience. help establish expected future costs. all of these. are the budgeted cost per unit in the present. Multiple Choice Question 68 Allowance for spoilage is part of the direct labor price standard. labor quantity standard. materials price standard. materials quantity standard. Multiple Choice Question 99 A company uses 8,400 pounds of materials and exceeds the standard by 300 pounds. The quantity variance is $1,800 unfavorable. What is the standard price? $2 $4 Cannot be determined from the data provided. $6 Multiple Choice Question 152 The balanced scorecard approach evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. uses only financial measures to evaluate performance. Multiple Choice Question 78 Hofburg’s standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $2 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Hofburg’s product is $14.50. $26.50. $22.50. $17.00. Multiple Choice Question 54 If a company is concerned with the potential negative effects of establishing standards, it should set loose standards that are easy to fulfill. not employ any standards. set tight standards in order to motivate people. offer wage incentives to those meeting standards. Multiple Choice Question 56 Ideal standards are rigorous but attainable. reflect optimal performance under perfect operating conditions. will always motivate employees to achieve the maximum output. are the standards generally used in a master budget. Multiple Choice Question 122 Shipp, Inc. manufactures a product requiring two pounds of direct material. During 2013, Shipp purchases 24,000 pounds of material for $99,200 when the standard price per pound is $4. During 2013, Shipp uses 22,000 pounds to make 12,000 products. The standard direct material cost per unit of finished product is $8.00. $8.53. $8.27. $9.01. Multiple Choice Question 113 Monster Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2,000 products are produced using 6,300 direct labor hours. Monster’s actual payroll during January was $98,280. What is the labor quantity variance? $2,520 F $4,800 U $4,800 F $2,280 U Multiple Choice Question 103 Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Edgar, Inc.’s materials price variance is $120 U. $1,200 U. $1,200 F. $1,080 U. Multiple Choice Question 105 Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a p

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    10/30/2015

    TheAceStudent:STRAYERACC560WEEK8QUIZCH11(2015)100%ANSWER

    STRAYERACC560WEEK8QUIZCH11(2015)100%
    ANSWER
    STRAYERACC560WEEK8QUIZCH11(2015)100%ANSWER
    Question
    MultipleChoiceQuestion129
    Dillonhasastandardof1.5poundsofmaterialsperunit,at$6perpound.Inproducing2,000units,
    Dillonused3,100poundsofmaterialsatatotalcostof$18,135.Dillonsmaterialspricevarianceis
    $1,050F.
    $135U.
    $465F.
    $600F.
    MultipleChoiceQuestion81
    ScorpionProductionCompanyplannedtouse1yardofplasticperunitbudgetedat$81ayard.
    However,theplasticactuallycost$80peryard.Thecompanyactuallymade3,900units,althoughit
    hadplannedtomakeonly3,300units.Totalyardsusedforproductionwere3,960.Howmuchisthe
    totalmaterialsvariance?
    $3,960F
    $48,600U
    $4,860U
    $900U
    MultipleChoiceQuestion51
    Standardcosts
    mayshowpastcostexperience.
    helpestablishexpectedfuturecosts.
    allofthese.
    arethebudgetedcostperunitinthepresent.
    MultipleChoiceQuestion68
    Allowanceforspoilageispartofthedirect
    laborpricestandard.
    laborquantitystandard.
    materialspricestandard.
    materialsquantitystandard.
    MultipleChoiceQuestion99
    Acompanyuses8,400poundsofmaterialsandexceedsthestandardby300pounds.Thequantity
    varianceis$1,800unfavorable.Whatisthestandardprice?
    $2
    $4
    Cannotbedeterminedfromthedataprovided.
    $6
    MultipleChoiceQuestion152
    Thebalancedscorecardapproach
    evaluatesperformanceusingabout10differentperspectivesinordertoeffectivelyincorporateall
    areasoftheorganization.
    usesrathervague,openstatementswhensettingobjectivesinordertoallowmanagersand
    employeesflexibility.
    normallysetsthefinancialobjectivesfirst,andthensetstheobjectivesintheotherperspectivesto
    accomplishthefinancialobjectives.
    usesonlyfinancialmeasurestoevaluateperformance.
    MultipleChoiceQuestion78
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    TheAceStudent:STRAYERACC560WEEK8QUIZCH11(2015)100%ANSWER

    Hofburgsstandardquantitiesfor1unitofproductinclude2poundsofmaterialsand1.5laborhours.
    Thestandardratesare$2perpoundand$7perhour.Thestandardoverheadrateis$8perdirect
    laborhour.ThetotalstandardcostofHofburgsproductis
    $14.50.
    $26.50.
    $22.50.
    $17.00.
    MultipleChoiceQuestion54
    Ifacompanyisconcernedwiththepotentialnegativeeffectsofestablishingstandards,itshould
    setloosestandardsthatareeasytofulfill.
    notemployanystandards.
    settightstandardsinordertomotivatepeople.
    offerwageincentivestothosemeetingstandards.
    MultipleChoiceQuestion56
    Idealstandards
    arerigorousbutattainable.
    reflectoptimalperformanceunderperfectoperatingconditions.
    willalwaysmotivateemployeestoachievethemaximumoutput.
    arethestandardsgenerallyusedinamasterbudget.
    MultipleChoiceQuestion122
    Shipp,Inc.manufacturesaproductrequiringtwopoundsofdirectmaterial.During2013,Shipp
    purchases24,000poundsofmaterialfor$99,200whenthestandardpriceperpoundis$4.During
    2013,Shippuses22,000poundstomake12,000products.Thestandarddirectmaterialcostper
    unitoffinishedproductis
    $8.00.
    $8.53.
    $8.27.
    $9.01.
    MultipleChoiceQuestion113
    MonsterCompanyproducesaproductrequiring3directlaborhoursat$16.00perhour.During
    January,2,000productsareproducedusing6,300directlaborhours.Monstersactualpayrollduring
    Januarywas$98,280.Whatisthelaborquantityvariance?
    $2,520F
    $4,800U
    $4,800F
    $2,280U
    MultipleChoiceQuestion103
    Edgar,Inc.hasamaterialspricestandardof$2.00perpound.Sixthousandpoundsofmaterials
    werepurchasedat$2.20apound.Theactualquantityofmaterialsusedwas6,000pounds,
    althoughthestandardquantityallowedfortheoutputwas5,400pounds.
    Edgar,Inc.smaterialspricevarianceis
    $120U.
    $1,200U.
    $1,200F.
    $1,080U.
    MultipleChoiceQuestion105
    Edgar,Inc.hasamaterialspricestandardof$2.00perpound.Sixthousandpoundsofmaterials
    werepurchasedat$2.20apound.Theactualquantityofmaterialsusedwas6,000pounds,
    althoughthestandardquantityallowedfortheoutputwas5,400pounds.
    Edgar,Inc.stotalmaterialsvarianceis
    $2,400F.
    $2,520U.
    $2,520F.
    $2,400U.
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    MultipleChoiceQuestion73
    OxnardIndustriesproducesaproductthatrequires2.6poundsofmaterialsperunit.Theallowance
    forwasteandspoilageperunitis.3poundsand.1pounds,respectively.Thepurchasepriceis$2
    perpound,buta2%discountisusuallytaken.Freightcostsare$.10perpound,andreceivingand
    handlingcostsare$.07perpound.Thehourlywagerateis$12.00perhour,butaraisewhichwill
    average$.30willgointoeffectsoon.Payrolltaxesare$1.20perhour,andfringebenefitsaverage
    $2.40perhour.Standardproductiontimeis1hourperunit,andtheallowanceforrestperiodsand
    setupis.2hoursand.1hours,respectively.Thestandarddirectlaborrateperhouris
    $15.90.
    $15.60.
    $12.30.
    $12.00.
    MultipleChoiceQuestion41
    Thedifferencebetweenabudgetandastandardisthat
    abudgetexpressesatotalamount,whileastandardexpressesaunitamount.
    abudgetexpresseswhatcostswere,whileastandardexpresseswhatcostsshouldbe.
    abudgetexpressesmanagementsplans,whileastandardreflectswhatactuallyhappened.
    standardsareexcludedfromthecostaccountingsystem,whereasbudgetsaregenerally
    incorporatedintothecostaccountingsystem.
    STRAYERACC560WEEK8QUIZCH11(2015)100%ANSWER

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