* Each question is worth 1 point unless otherwise indicated. 1. In doing control

Question

* Each question is worth 1 point unless otherwise indicated. 1. In doing control and/or performance evaluation, it is not desirable to use which of the following devices/notions? A. Flexible budgets B. Management by exception c. Ideal standards D. Variance analysis and investigation 2. Of the following, which variances should always be investigated? A. significant variances B. unfavorable variances c. variances that occur infrequently D. favorable variances 3. The labor rate variance is determined by multiplying the difference between the actual labor rate and the standard labor rate by: A. the standard hours allowed. B. the actual hours worked c. the budgeted hours allowed. D. none of the above

Explanation / Answer

1. a) Flexible budgets. Correct option.

2. a) Significant variances. Correct option.

3. b) the actual hours worked. Correct option.

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