The standard cost for a unit of output is the standard price per unit of input times the standard number of inputs per one unit of output.
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Q4: The flexible and master budget amounts are
Q5: An unfavorable direct labor efficiency variance could
Q6: If the budgeted activity level is greater
Q7: Both the actual material used and the
Q8: The sales activity variance is the result
Q10: The terms "master budget" and "flexible budget"
Q11: Production cost variances are input variances, while
Q12: Variance analysis for fixed production costs is
Q13: A flexible budget adjusts the static budget
Q14: In general, and holding all other things
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