1.

A standard cost sheet:

a.provides production data to calculate unit cost.

b.indicates the hourly wages for labor.

c.is used to evaluate managers.

d.is not needed in computerized manufacturing.

2.

Which of the following is true of control limits?

a.The lower control limit is the standard plus the allowable deviation.

b.Control limits identify variances that fall outside an acceptable range.

c.Control limits should be based only on past experience and intuition.

d.The upper control limit is the standard minus the allowable deviation.

3.

Arsenic Corp. manufactures coffee. The actual quantity of input used for the month of November was 450 kilograms of coffee beans, and the standard quantity of input allowed was 460 kilograms of coffee beans. The standard price per kilogram of coffee beans was $8. Determine the material usage variance of the month of November.

a.$70F

b.$80F

c.$210U

d.$140U