Which standards are based on the amount of input that should be used per unit of output?
A) ideal standards
B) price standards
C) kaizen standards
D) quantity standards
Correct Answer:
Verified
Q23: The sum of the material price variance
Q24: What are sources of quantity standards?
A) benchmarks
B)
Q25: To determine whether variances are significant, managers
Q25: The actual quantity of input at the
Q26: The sum of the labour rate variance
Q27: What are price standards based on?
A) the
Q29: A favourable price variance occurs whenever the
Q30: For better control, the materials price variance
Q32: A favourable usage variance would occur when
Q37: The materials price variance is computed using
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