
AC 505 AC505 Unit 5 Quiz Answers (Kaplan University)
AC 505 Unit 5 Quiz (Kaplan University)
- The individual generally responsible for explaining the direct-material price variance is the:
- The Whitfield Co. uses a standard costing system and has established the following standards:
- If a company uses standard costing, the manufacturing overhead applied to Work-in-Process Inventory would be computed as:
- Blackwelder Snow Removal's cost formula for its vehicle operating cost is $1,240 per month plus $348 per snow-day. For the month of December, the company planned for activity of 12 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $6,330. The vehicle operating cost in the planning budget for December would be closest to:
- Which variance is commonly associated with measuring the cost of under- or over-utilization of plant capacity?
- Based on a flexible budget for 5,000 machine hours of activity a company budgeted $25,000 forvariable manufacturing overhead and $10,000 for fixed manufacturing overhead. If the company prepared a budget for 10,000 machine hours, how much total overhead would be budgeted?
- Which of the following statements about standard cost accounting systems is true?
- The Koski Company has established standards as follows:
- The Koski Company has established standards as follows:
- The Whitfield Co. uses a standard costing system and has established the following standards: