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Please help asap 1The following condition whi ch demands maximum efficiency and can be achieved only if everything operates perfectly is called: a. Ideal standards
Please help asap
1The following condition whi ch demands maximum efficiency and can be achieved only if everything operates perfectly is called: a. Ideal standards b. Currently attainable standards c. Budget standards d. Personnel standards V Variances indicate a. the cause of the variance. b. who is responsible for the variance. c. that actual performance is not going according to plan d. when the variance should be investigated 3 The unit standard cost is a. the product of the standard price times the standard quantity for each unit. b. the price standard for each unit. c. the actual cost for a standard product. d. the amount of actual cost to produce a unit in a standardized process. 4. Price standards are the responsibility of a. accounting. b. purchasing. c. personnel. d. all of these. a. Currently attainable standards demand maximum sales price .Currently attainable standards can be achieved under efficient operating conditions c. Currently attainable standards do not allow for normal breakdowns,interruptions, and less than perfect skill. d. Currently attainable standards demand maximum efficiency. Which of the following is NOT true about Kaizen Standards? a. Kaizen standards are the standards used for continuous improvement b. Kaizen standards are a currently attainable standard that reflects planned improvement c. Kaizen standards are constantly changing. d. Kaizen standards are the standards used in traditional costing systems Quantity price standards a. are standard price multiplied by standard quantity. b. specify how much of the quantity of input should be used for the standard price. c. specify how much should be paid for the quantity of input to be used. d. specify how much of the quantity of input should be used for the actual price Standard costing a. establishes price and quantity standards for inputs b. provides journal entry support. c. is not used in unit costing. d. none of these. 4 The point of zero profit is called the: a. profit-volume point. b. contribution-margin point. c. break-even point. d. target-profit point ( Which of the following formulas is used to calculate break-even point in units? a. Break-even point in units Total costs/Unit contribution margin b. Break-even point in units- Sales/Fixed costs c. Break-even point in units Sales/Unit variable cost d. Break-even point in units Total fixed costs/(Price-Unit variable cost) Step by Step Solution
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