Fill in the following blanks (in same cases choices are provided). (i) Idle time variance is always

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Fill in the following blanks (in same cases choices are provided).

(i) Idle time variance is always ____________ variance (favourable/unfavourable).

(ii) For unfavourable material mix variance _____________ manager is held accountable.

(iii) Management should focus more on ______________ variances (efficiency/rate).

(iv) Efficiency variances by and large are ______________ variances (controllable/uncontrollable).

(v) If variable overhead efficiency is favourable, it also implies that __________ will also be favourable.

(vi) Volume variance is sub-divided into fixed overhead efficiency variance and ______________.

(vii) Difference in quantity of material used is multiplied by _______________ to determine material quantity variance (actual price/standard price).

(viii) Rate variances, by and large, are _____________ variances (controllable/uncontrollable).

(ix) If actual labour hours used are more than normal capacity hours, capacity variance is said to be ___________. (favourable/unfavourable).

(x) Material yield variance is ____________ when standard yield is higher than actual yield

(favourable/unfavouralbe).

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