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A) Victor's management is unusually efficient.
B) The overhead application rate should be revised upward.
C) Monthly output is consistently under budget.
D) Monthly output is consistently over that budgeted.
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A) Time allowed to produce each product.
B) Direct labor requirements for each product.
C) The wage rate of a direct laborer.
D) The quantity of materials for each product.
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A) Producing at levels of output which exceed normal output levels.
B) Using highly skilled laborers to perform tasks normally performed by unskilled laborers.
C) Having laborers work excessive overtime hours.
D) Using outdated standard cost figures.
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A) A favorable labor efficiency (usage) variance.
B) An unfavorable overhead volume variance.
C) A favorable materials quantity variance.
D) An unfavorable overhead spending variance.
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A) The responsibility of the production manager.
B) Viewed as an idle capacity loss.
C) The result of actual volume exceeding normal volume.
D) Treated as part of the controllable factory overhead variance.
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A) Actual hours are greater than standard hours.
B) Actual hours are less than standard hours.
C) The standard rate per hour is greater than the actual rate per hour.
D) The standard rate per hour is less than the actual rate per hour.
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A) The purchasing agent.
B) The marketing director.
C) The production supervisor.
D) The cost accountant.
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A) A favorable overhead spending variance.
B) An unfavorable overhead spending variance.
C) A favorable overhead volume variance.
D) An unfavorable overhead volume variance.
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A) There is no overhead volume variance for a given month if actual production that month is 10,000 units.
B) When actual production exceeds 10,000 units,use of standard costs results in a favorable overhead volume variance.
C) When actual production is less than 10,000 units,use of standard costs results in an unfavorable total overhead variance.
D) Overhead variances arising as a result of producing more or less than 10,000 units do not indicate either strong or poor performance by the Production Department.
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A) An unfavorable overhead spending variance.
B) Poor decisions made by the production manager.
C) Producing at levels of output which exceed normal output levels.
D) Producing at levels of output which fall short of normal output levels.
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