13. The fixed manufacturing overhead variance caused by actual activity being different from the estimated activity used in calculating the predetermined overhead application rate is called the A. Spending variance. B. Budget variance C. Efficiency variance D. Volume variance. 14. How is performance evaluated for a cost center? A. Actual costs incurred compared to budgeted costs. B. Actual segment margin compared to budgeted segment margin C Comparison of actual and budgeted return on investment (ROU) based on segment margin and assets controlled by the segment D. None of these 15. A favorable materials quantity variance would occur if A. More material is purchased than is used. B. Actual pounds of materials used were less than the standard pounds allowed. C Actual labor hours used was greater than the standard labor hours allowed D. Actual pounds of materials used was greater than the standard pounds allowed 16. April Corporation developed the following per-unit standards for its product 2 pounds of direct material at $3.75 per pound. Last month, 2,000 pounds of direct materials were purchased for $7.600. The direct materials price variance for last month was. A $3,800 favorable. B $200 favorable. C. $100 unfavorable D. $200 unfavorable 17) An individual interested in making a judgment about ofitability of a company should A Review the trend of working capital for several years B. Calculate the company's ROI for the most recent year C Review the trend of the company's ROI for several years D. Compare the company's ROI for the most recent year with the industry average Rol for the most recent year. 18) Which of the following is not a category of financial statement ratios A Financial leverage B. Liquidity C. Profitability D. Prospectus 19) Increasing information systems capabilities would be a critical success factor found in which perspective of the balanced Scorecard? A. Internal business B. Customer Financial D. Learning and growth