Styles Editing 6) Depreciation on the office equipment would appear in which of the following budgets A Production budget B. Manufacturing overhead budget. C. Operating expense budget. D. Cash budget 7) A budget adjusted to reflect a budget allowance based on actual activity achieved rather than the planned level of activity in the original budget is a A. Static budget B. Rolling budget. C. Controllable budget D. Flexible budget. 8) When analyzing end of period production cost variances, which of the following product cost components will not need "flexing"? A. Direct material B. Direct labor C. Variable manufacturing overhead. D. Fixed manufacturing overhead. 9) The total budget variance is caused by two factors A Quantity and price. B. Time and materials C. Direct and indirect relationships. D. Fixed and variable cost behavior. 10) Val's travel budget for October was $720, based on her plan to drive 3.000 miles at a cost of $0.24 per mile. During October, she actually drove 2,800 miles at a total cost of $7001 A flexed budget performance report would show a variance of A $50 F B. $20 F C. $28 U. D. $30 U. 11. The purchasing agent of an organization acquired some raw matenals at a bargain price, even though she knew that their quality was lower than that of the materials customarily used. This action resulted in a favorable raw materials purchase price variance that might very well have been more than offset by A An unfavorable raw materials usage variance B. A favorable direct labor efficiency variance C. An unfavorable variable overhead spending variance D. An unfavorable direct labor rate variance 12) If they are to be useful to managers, variances should be reported A Simultaneously to all managers within a week after the end of the month B. In dollar amounts as soon as all costs are known C. In physical terms of dollar amounts as promptly as feasible D. In physical terms and dollar amounts If the variance exceeds 10% of the budget