ACCTMIS 2300 Exam 3 2025 Questions and Answers Already Passed

ACCTMIS 2300 Exam 3 2025 Questions and Answers Already Passed DM Price Variance - Answers (Actual Quantity*Actual Price)-(Actual Quantity*Standard Price) DM Quantity Variance - Answers (Actual Quantity*Standard Price)-(Standard Quantity*Standard Price) DL Rate Variance - Answers (Actual Hours*Actual Rate)-(Actual Hours*Standard Rate) DL Efficiency Variance - Answers (Actual Hours*Standard Rate)-(Standard Hours*Standard Rate) Total DL Variance - Answers DL Rate Variance + DL Efficiency Variance Variable Overhead Spending - Answers Actual Variable Overhead Cost-(Actual Hours*Standard Rate) Variable Overhead Efficiency - Answers (Actual Hours*Standard Rate)-(Standard Hours*Standard Rate) Total Variable Overhead - Answers VOVH Spending + VOVH Efficiency Positive Variance - Answers UNFAVORABLE Negative Variance - Answers FAVORABLE Absorption Costing Product Costs - Answers Direct Materials, Direct Labor, Variable Manufacturing Overhead, Fixed Manufacturing Overhead Absorption Costing Period Costs - Answers Variable Selling & Administrative Expenses and Fixed Selling & Administrative Expenses Variable Costing Product Costs - Answers Direct Materials, Direct Labor, Variable Manufacturing Overhead Variable Costing Period Costs - Answers Fixed Manufacturing Overhead, Variable Selling & Administrative Expenses, Fixed Selling & Administrative Expenses Absorption & Variable Costing Equation - Answers Sales Revenue-COGS=Gross Profit-Fixed S&A-Variable S&A=Net Income Variable Cost Ratio - Answers Variable Cost/Sales Contribution Margin Ratio - Answers (Sales-Variable Costs)/Sales Net Operating Income - Answers Sales-Variable Costs-Fixed Costs Residual Income - Answers Net Operating Income-(Average Operating Assets*Minimum Rate of Return) Return on Investment - Answers Net Operating Income/Average Operating Assets Return on Investment #2 - Answers Margin*Turnover Turnover - Answers Sales/Average Operating Assets Margin - Answers Net Operating Income/Sales