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Please accommodate within 2 hours Question 3 Scenario: The materials purchasing manager gets a special reduced price on raw materials by purchasing a train carload.
Please accommodate within 2 hours
Question 3 Scenario: The materials purchasing manager gets a special reduced price on raw materials by purchasing a train carload. A warehouse had to be rented to accommodate the unusuallvr large amount of raw material. [Both the reduced price and rent expense were unaccounted for in the budget.) I] Materials price variance. I] Materials quantitv variance. I] Labor rate variance. [J Labor efciencv variance. I] Variable overhead spending irate! variance. I] Variable overhead efciencv variance. [J Fixed overhead budget variance. Question 4 Scenario: The local electric utility company raised the charge per kilowatt-hour, but no adjustment was made in the budget. O Materials price variance. O Materials quantity variance. O Labor rate variance. O Labor efficiency variance. O Variable overhead spending (rate) variance. O Variable overhead efficiency variance. Fixed overhead budget variance.Question 5 Scenario: The plant manager traded in their leased company car for a new one in July, increasing the monthly lease payment by $85. This event was not provided for in the budget. O Materials price variance. O Materials quantity variance. O Labor rate variance. O Labor efficiency variance. O) Variable overhead spending (rate) variance. O Variable overhead efficiency variance. O Fixed overhead budget variance.Question 6 Scenario: A machine malfunction on the assembly line resulted in decreased output by the machine operator and more than normal time spent on machine repair. (Repairs costs are treated as variable overhead costs.) O Materials price variance. O Materials quantity variance. O Labor rate variance. O Labor efficiency variance. O Variable overhead spending (rate) variance. O Variable overhead efficiency variance. O Fixed overhead budget varianceStep by Step Solution
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