Question: the material quantity variance is the difference between the quantity used and the actual quantity allowed. True False

the material quantity variance is the difference between the quantity used and the actual quantity allowed. True False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Revised Summer 2016 Chapter Review True / False Questions A quantity standard allowed for actual output is the amount of input that should go into a single unit of the product. True False 2. A...

Q:

21. LO.2 (Missing information for DL) For each independent case, fill in the missing figures: Case A Case B Case C Case D Units produced 1,000 240 1500 Standard hours per unit 3.5 0.9 Standard hours...

Q:

I need help with these cost accounting questions please. Thanks. Sari Inc. has a fully automated production facility in which almost 97 percent of overhead costs are driven by machine hours. As the...

Q:

These questions are for "sverma1" 1. Management accounting primarily is concerned with providing: a. information to managers inside the organization as well as information to stockholders, creditors,...

Q:

Excel XLS 25. LO.2 (DM & DL variances) In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of...

Q:

I do not need explication, I just need A,B,C or D answer. Thank you!! 5. When is the material quantity variance favorable? A. when the actual quantity used is less than the standard quantity B. when...

Q:

DM & DL variances In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of travel bags:...

Q:

In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of travel bags: November production 5,760...

Q:

DM & DL variances In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of travel bags:...

Q:

In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of travel bags: November production...

Q:

Animation Nation (AN) copies and distributes Japanese animated videos for the U.S. market. In order to better serve this market, it is considering the immediate purchase of new video reproduction...

Q:

Describe and discuss the principle managerial components of good strategy execution. Use Your team's business strategy game simulation to illustrate an example of good(or poor) execution. We used a...

Q:

Benefits in defined benefit pension plans are often reduced for early retirees. The amount of the reduction is NOT affected by

Q:

Sarah King, president of King Electronics, Inc., has two design options for her new line of high-resolution monitors for CAD workstations. The life cycle sales forecast for this model is 100,000...

Q:

4. What are the principal technologies and standards for wireless networking, communication, and Internet access?

Q:

1. Should managers monitor employee e-mail and Internet usage? Why or why not? The Internet has become an extremely valuable business tool, but its also a huge distraction for workers on the job....

Q:

1. What is net neutrality? Why has the Internet operated under net neutrality up to this point in time? What kind of Internet user are you? Do you primarily use the Net to do a little e-mail and...