Consider the following statements made by a production manager:

(1) Adverse variances are always bad for an organization

(2) Appropriate variance reporting is the comparison of actual results with the original budget

Which of the following is correct as regards these statements?

O A. Both statements are correct

O B. Both statements are incorrect

O C. Statement 1 only is correct

OD. Statement 2 only is correct

Consider the following statements about cloud accounting:

(1) Data can be accessed from anywhere with an internet connection.

(2) Cloud accounting applications rem ye risks of data theft

Which of the following is correct as regards these statements?

OA. Both statements are correct

OB. Both statements are incorrect

OC. Only statement 1 is correct

OD. Only statement 2 is correct

Knee pic is a manufacturing company. In April 20X8 Knee used 33,640 kg of material at a total standard cost of £245,340. The material usage variance was £1,914 adverse

Calculate the standard allowed weight of material for the actual production achieved by Knee in April 20X8:

OA. 33,576kg

OB. 33,840kg

OC. 34,104kg

OD. 35,754kg