ACCTMIS 2300 Final Exam questions
well answered 2025/2026
Direct Labor Efficiency Variance - ANS ✔✔(AH x SR) - (SH x SR)
Direct Labor Rate Variance - ANS ✔✔(AH x AR) - (AH x SR)
Direct Material Quantity Variance - ANS ✔✔(AQ[DM Used] x SP) - (SQ x SP)
Direct Material Price Variance - ANS ✔✔(AQ[DM Purchased] x AP) - (AQ[DM purchased] x SP)
VOH Efficiency Variance - ANS ✔✔(AH x SR) - (SH x SR)
VOH Spending Variance - ANS ✔✔Actual VOH - (AH x SR)
Standard Hours - ANS ✔✔Units Produced x SH per Unit
DM Purchases Budget - ANS ✔✔units to be produced
x DM needed per unit
= production needs
+ ending inventory of DM
- beg inv of DM
= DM to be purchased
x cost per unit of DM
= Cost of DM to be purchased
well answered 2025/2026
Direct Labor Efficiency Variance - ANS ✔✔(AH x SR) - (SH x SR)
Direct Labor Rate Variance - ANS ✔✔(AH x AR) - (AH x SR)
Direct Material Quantity Variance - ANS ✔✔(AQ[DM Used] x SP) - (SQ x SP)
Direct Material Price Variance - ANS ✔✔(AQ[DM Purchased] x AP) - (AQ[DM purchased] x SP)
VOH Efficiency Variance - ANS ✔✔(AH x SR) - (SH x SR)
VOH Spending Variance - ANS ✔✔Actual VOH - (AH x SR)
Standard Hours - ANS ✔✔Units Produced x SH per Unit
DM Purchases Budget - ANS ✔✔units to be produced
x DM needed per unit
= production needs
+ ending inventory of DM
- beg inv of DM
= DM to be purchased
x cost per unit of DM
= Cost of DM to be purchased