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ACC 560 Week 8 Quiz 6 (Chapter 11)
Question 1
If actual direct materials costs are greater than standard direct
materials costs, it means that
Question 2
The standard direct materials quantity does not include allowances for
Question 3
Marburg Co. expects direct materials cost of $6 per unit for 100,000
units (a total of $600,000 of direct materials costs). Marburg‘s
standard direct materials cost and budgeted direct materials cost is
Question 4
If the labor quantity variance is unfavorable and the cause is
inefficient use of direct labor, the responsibility rests with the
Question 5
A managerial accountant
1. does not participate in the standard setting process.
2. provides knowledge of cost behaviors in the standard setting
process.
3. provides input of historical costs to the standard setting process.