Question 1 Not yet answered Marked out of 1.00 A standard cost method is based on O a. either a predetermined average cost per input or a predetermined average total input cost per unit of output. O b. variable costs only. Flag question O c. a predetermined average total input cost per unit of output. O d. a predetermined average cost per input. O e. historical costs. Question 4 Not yet answered Marked out of 1.00 Flag question If a company only reached 85% of their production goal, the 85% may be called the company's O a. variance rate. O b. goal achievement rate. O c. efficiency rate. O d. effectiveness rate. O e. standard production rate. Question 6 Not yet answered Marked out of 1.00 The direct materials mix variance is the O a. average of the direct materials mix variances for each input. multiple of the direct materials mix variances for each input. O b. O c. sum of the direct materials mix variances for each input. Flag question O d. lesser of the direct materials yield variance and the direct materials efficiency variance. O e. difference between the direct materials mix variances for each input. Question 7 The direct materials mix variance will be favourable when Not yet answered Marked out of 1.00 P Flag question O a. actual unit sales are less than budgeted unit sales. O b. the flexible-budget contribution margin is greater than the actual contribution margin. Oc. the actual quantity of total inputs used is greater than the flexible budget for total inputs. O d. the input-efficiency variance is favourable. O e. the actual direct materials input mix is less expensive than the budgeted direct materials input mix. Question 8 Not yet answered Marked out of 1.00 The flexible budget contains O a. the difference between flexible and static budget fixed costs. O b. revenue based on budgeted quantity and actual unit price. budgeted amounts for alternative levels of output. O c. PFlag question O d. actual costs for planned output. O e. actual amounts for budgeted output. Question 11 Not yet answered Marked out of 1.00 Flag question The relative amount of inputs used to reach a given level output is a measure of which of the following? O a. selling price O b. efficiency O c. effectiveness O d. marketing efforts O e. purchase price