If Fewer Units Are Produced Than Had Been Estimated When

question 22

Multiple Choice

If fewer units are produced than had been estimated when standard unit costs were determined,there would normally be:

• 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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Definitions:

Air

A mixture of gases that constitute the Earth's atmosphere, primarily composed of nitrogen, oxygen, argon, and carbon dioxide.

Unbalanced Reaction

A chemical equation where the number of atoms for each element is not the same on both sides of the equation.

Gunpowder

A mixture of saltpeter (potassium nitrate), sulfur, and charcoal (carbon) that explodes when ignited.

Potassium Nitrate

A chemical compound with the formula KNO3, used as a fertilizer, in food preservation, and in the manufacture of gunpowder.