Question: 1. Ideal standards can be achieved only if everything operates ---- a. Moderately b. Perfectly c. Slow d. None of the above 2. What kind

1. Ideal standards can be achieved only if everything operates ---- a. Moderately b. Perfectly c. Slow d. None of the above 2. What kind of standards allow for normal breakdowns and interruptions? 3. a. Ideal standards b. Perfect standards c. Currently attainable standards d. Abnormal standards variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage a. Favorable b. Unfavorable c. Equal d. Total 4. The responsibility for controlling the materials price variance usually belongs to the a. CEO b. CFO c. Purchasing manager d. Everyone 5. Which of the following is an example of a costing method? a. Direct labor b. Overhead costing & Kaizen costing d. Sigma costing

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