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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.
Question 6
Using standard costs
Question 7
An unfavorable materials quantity variance would occur if
Question 8