6. Standard cost is based upon ................... estimates.

a. predicted b. experential c. technical d. calculated

7. When the actual cost is less than the standard cost it is an example of...................

a. Unfavorable variance b. Favorable variance c. Controllable variance d. Uncontrollable variance . 8. When there is fluctuation happens in the material consumption levels it is reported by........................

a. material cost variance b. All of the above c. material price variance d. material usage variance

. 9.Unfavorable efficiency variance takes place due to;

a. All of the above b. poorly trained workers c. poor quality of raw materials d. poor supervision . 10. Sales variance, sales price variance & sales volume variance are all examples of;

a. material variances b. sales variances c. other variances d. labor variances