18.) which of the following would produce a materials price variance? a. an exce

Question

18.) which of the following would produce a materials price variance?

a. an excess quanitity of materials used

b. an excess number of direct labor-hours worked in completing a job

c. shipping materials to the plant by air freight rather than by truck

d. breakage of materials in production

19.) the variance that is usually most useful in assessing the performace of the purchasing department manager is:

a. the materials quantity variance.

b. the materials price variance

c. the labor rate variance

d. the labor efficiency variance

8) if sales volume decreases and all other factors remain unchanged, the contribution margin ratio will decrease.TRUE OR FALSE

Explanation / Answer

18) Shipping Materials to the plant by air freight rather than by truck would increase the costs of the material per unit, and consequently produce a materials price variance. 19) The variance that is usually most useful in assessing the performace of the purchasing department manager is the materials price variance. 8) If sales volume decreases and all other factors remain unchanged, the contribution margin ratio will decrease. The statement is TRUE.

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