Last updated on August 15, 2022 Show
Pay someone to do this question for you now! We are professional writing help service for students who can't even. Get your papers written starting at just $11.99 a page. 12. In using variance reports to evaluate cost control, management normally looks into: (a) all variances. (b) favorable variances only. (c) unfavorable variances only. (d) both favorable and unfavorable variances that exceed a predetermined quantitative measure such as a percentage or dollar amount. Hire a qualified expert to help you with12. In using variance reports to evaluate cost control, management normally looks into: (a) all… Our competent writers will do your troublesome papers!focusNode Didn't know it? Knew it? Embed Code - If you would like this activity on your web page, copy the script below and paste it into
your web page. Managerial Accounting; Test 4 (Ch 24-25); Practice
When management uses variance reports to evaluate cost control they look into which of the following?12.) In using variance reports to evaluate cost control, management normally looks into: both favorable and unfavorable variances that exceed a predetermined quantitative measure such as a percentage or dollar amount.
What does the controllable variance measure quizlet?Since the controllable variance measures the efficiency of using variable overhead resources, if budgeted variable overhead exceeds actual results, the variance is favorable. Standards are more widely used for nonmanufacturing expenses than for manufacturing costs.
What is a standard cost the actual cost incurred to produce a good or service?1. Standard costs are the estimated costs of labour, material, and other costs of production. Actual Costs, on the other hand, are those realized during the period and compared at the end of the period. This difference between the standard cost vs actual cost is termed as Variance.
Which of the following is not an advantage of using a standard cost system?Using standard costs complicates the costing of inventories and increase clerical costs. Which one of the following is not an advantage of standard costing? It determines who is responsible for variances.
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