Managerial Accounting: Exam #2

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Anonymous
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260525
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Managerial Accounting: Exam #2
Updated:
2014-02-06 00:50:59
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accounting exam
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Managerial Accounting: Exam #2
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  1. Materials Price Variance
    (AQ*SP) - (AQ*AP)
  2. Materials Quantity Variance
    (SQ*SP) - (AQ*AP)
  3. Labor Rate Variance
    (AH*AR) - (AH*SR)
  4. Labor Efficiency Variance
    (AH*SR) - (SH-SR)
  5. Variable Overhead Rate Variance
    (AH*AR) - (AH*SR)
  6. Variable Overhead Efficiency Variance
    (AH*SR) - (SH*SR)
  7. In MPV, AQ equals:
    Direct Materials purchased.
  8. In MPV, SP equals:
    Direct Material price per unit.
  9. In MPV, AP equals:
    DM purchase / Direct Materials
  10. In MQV, SQ equals:
    Direct Materials Used
  11. In MQV, SP equals:
    Direct Material price per unit.
  12. In MQV, AQ equals:
    DM quantity*Output
  13. In LRV, AH equals:
    Direct Labor Cost hours
  14. In LRV, AR equals:
    Direct Labor Cost hours / DL hours
  15. In LRV, SR equals:
    Direct Labor hourly rate
  16. In LEV, AH equals:
    Direct Labor Cost hours
  17. In LEV, SR equals:
    Direct Labor hourly rate
  18. In LEV, SH equals:
    VMO hour per unit*units produced
  19. In VORV, AH equals:
    Direct Labor Costs hours
  20. In VORV, SR equals:
    VMO hourly rate
  21. In VORV, AR equals:
    VMO cost / DL cost hours
  22. In VOEV, AH equals:
    Direct Labor Cost hours
  23. In VOEV, SR equals:
    VMO hourly rate
  24. In VOEV, SH equals:
    DL*units produced
  25. Actual > Standard
    Unfavorable

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