12. Which of the following comparisons can best assess managers\' cost control a

Question

12. Which of the following comparisons can best assess managers' cost control and operating efficiency? a. flexible budget and actual results b. static planning budget and actual results c. master budget and static planning budget d. static planning budget and flexible budget 13. The individual generally responsible for a material price variance is the: a. purchasing manager. b. sales manager. d. finance manager. 14. A favorable labor rate variance is created when: actual wages paid are less than amounts that should have been paid for the number of a. b. c. d. hours worked. actual units produced exceed budgeted production levels. actual hours worked are less than standard hours allowed. actual labor hours worked exceed standard hours allowed.

Explanation / Answer

ans 13 a) purchasing manager It is the responsibilty of the purchasing amanger to purchase the material hence he is responsible for any material price variance. ans 14 a) actual wages paid are less than amount that should have been paid for the no. of hours worked Labor rate variance is calculated as AH*(AR-SR) So when standard rate is more than actula rate than the labor rate variance is favorable.

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