Question
1. If the Rate Variance is significant, and management decides the standards need to be adjusted, which element needs to be adjusted. Favorable Efficiency Variance
1. If the Rate Variance is significant, and management decides the standards need to be adjusted, which element needs to be adjusted.
Favorable Efficiency Variance
Unfavorable Efficiency Variance
Favorable Total DL Variance
2. If the Rate Variance is significant, and management decides the standards need to be adjusted, which element needs to be adjusted.
Favorable Rate Variance
Unfavorable Rate Variance
Favorable Total DL variance
Unfavorable Total DL variance
Unfavorable Total DL Variance
3. The company had a problem with the production line and had to throw away some materials. Select the most likely outcome.
Favorable Price Variance
Unfavorable Price Variance
Favorable Use Variance
Unfavorable Use Variance
4.
Management is considering eliminating a product line based on traditional costing. After completing an ABC costing analysis, the ABC method indicates that the unit cost of the product line is significantly less than under traditional costing.
Management should... (choose the best answer).
Eliminate the product line
Keep the product line
Reconsider eliminating the product line
None of the above.
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