Which of the following is an example of a direct materials cost standard? $40 per direct labor hour 50 square feet per unit 6 direct labor hours per unit $0.95 per square foot Which of the following is NOT a benefit of a static budget performance report? It is useful in evaluating a manager's control over fixed costs. It is useful in evaluating a manager's control over fixed selling and administrative expenses. It is useful in evaluating a manager's control over variable costs. It is useful in evaluating a manager's effectiveness when actual sales approximate budgeted amounts. Question 32 Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $6.00 per square foot from the supplier. Delivery costs are $0.25 per square foot. Carpenters' wages are $30.00 per hour. Payroll costs are $3.60 per hour, and benefits are $6.00 per hour. How much is the direct labor standard cost per hour? $9.60 $39.60 $30.00 $33.60 Question 38 Which of the following is a reason companies use standard costs? to enhance customer loyalty to ensure the accuracy of the financial records to share best practices with other companies to set sales prices of products and services Question 39 3 pts Which of the following is the correct formula for measuring an efficiency variance? Efficiency Variance = (Actual Quantity + Standard Quantity) - Standard Cost Efficiency Variance = (Actual Quantity - Standard Quantity) Standard Cost Efficiency Variance = (Actual Quantity Standard Quantity)/Standard Cost Efficiency Variance - (Actual Quantity/Standard Quantity) Standard Cost