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Author Question: Match the following terms relating to a standard costing system to the appropriate statement by ... (Read 440 times)

rissygurl1124

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on: Feb 5, 2023
Match the following terms relating to a standard costing system to the appropriate statement by placing the letter to the left of each statement.

a.Direct labor efficiency variancef.Fixed overhead volume variance
b.Direct labor rate varianceg.Normal costing system
c.Direct material price varianceh.Standard costing system
d.Direct material quantity variancei.Variable overhead efficiency variance
e.Fixed overhead spending variancej.Variable overhead spending variance


______1.The difference between actual variable overhead incurred and variable
​overhead applied
______2.System in which direct materials and direct labor are recorded at actual cost
​and overhead is applied to products using a predetermined overhead rate
______3.Occurs when actual activity differs from the expected level of activity
______4.The difference between the actual and standard rate of pay times the number
​of hours actually worked
______5Variance recorded when materials are purchased
______6.The difference between budgeted and actual fixed overhead costs
______7.System in which all product costs are recorded at standard cost while the
​products are being made
______8.The difference between variable overhead applied and the standard variable
overhead
______9.Variance recorded when materials are transferred to the production floor
______10.The difference between actual hours worked and standard hours allowed
​times the standard rate of pay
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by rissygurl1124 on Feb 5, 2023

ElaneShive

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rissygurl1124

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

apple

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Reply 3 on: Yesterday
Excellent

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