Question: The standard hours or quantity allowed for an input is the amount of the input that should have been used to produce the standard output

The standard hours or quantity allowed for an input is the amount of the input that should have been used to produce the standard output for the period. True false question. 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!

The standard hours or quantity allowed for an input is the amount of the input that should have been used to produce the standard output for the period. True false question. True False

The amount of direct materials purchased is usually equal to the amount of direct materials used in production that period. True False The direct materials price variance is found by the following...

Instructions are highlighted Issues in Accounting Education Vol. 15, No. 2 May 2000 Budgeting and Performance Evaluation at the Berkshire Toy Company Dean Crawford and Eleanor G. Henry ABSTRACT: This...

show evidence True False (10 points) 1). The materials price variance is computed based on the amount of materials purchased during the period, 2) If the actual hourly rate is greater than the...

show evidence true or false 3) The variable overhead efficiency variance measures the difference between the actual level of activity and the standard activity allowed for the actual output,...

W4 A3 1-3 1. Ideal standards do not allow for machine breakdowns and other normal inefficiencies. True or False 2. Jeffs Corporation is developing direct labor standards. The basic direct labor wage...

The standard quantity or standard hours allowed refers to the amount of the input that should have been used to produce the actual output of the period. (Points : 2) True False

Collegiate Rings produces class rings. Its best-seling model has a direct materials standard of 15 grams of a special alloy per ring. This special alloy has a standard cost of $64.20 per gram. In the...

The standard quantity or standard hours allowed refers to the amount of the input that should have been used to produce the actual output of the perio True or False

1. Which of the following statements concerning practical standards is incorrect? A) Practical standards are tight but attainable B) Practical standards can be attained by the average worker C)...

It has been shown that foreign companies listed on U.S. stock exchanges are valued more than those from the same countries that are not listed in the United States. Explain why U.S.-listed foreign...

A long, hollow, cylindrical conductor (inner radius 2.0 mm, outer radius 4.0 mm) carries a current of 24 A distributed uniformly across its cross section. A long thin wire that is coaxial with the...

At December 3 1 , Year 5 , the following select stockholders equity data from Sinhigh Adventures ITD were igentified: \ table [ [ Retained exerinsc, beginning balance, 4 - 6 . ate ] , [ Cemmon steck,...

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...