ACCT 202 CHAPTER 8 WEEK 5 CONCEPT ALL QUESTIONS WITH VERIFIED ANSWERS 2024 VERSION

A ____________ variance is the difference between the actual quantity of input used and the standard quantity of input that should have been used. - ANS-quantity A _____________ variance is the difference between the actual quantity of input used and the standard quantity of input that should have been used. - ANS-quantity A company budgets administrative salaries at $5,000 at a sales level of 1,000 units. At a sales level of 1,200 units, budgeted administrative salaries will be $ - ANS-$5000 A company had a standard sales price of $1.79 per unit and expected to sell 10,000 units. Due to a downturn in the economy, the product was marked down to $1.59 per unit and the company only sold 9,500 units. Calculate the sales price variance. - ANS-$1,900 U A company has budgeted total overhead at actual units produced of $10,400. The company has actual total overhead of $12,000. The controllable variance is: - ANS-$1,600 U $12,000 - 10,400 = $1,600 U A company has budgeted total overhead of $10,575 at actual units produced and actual total overhead of $9,775. The controllable variance is: - ANS-$800 F A company sells a product for $3. Direct