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Chapter20Standardcosting

A standard cost is the planned unit cost of the products, components or services produced in a period.

多做几道

Explain what is meant by standard costing

Explain what is meant by a standard cost

Describe four types of standard.

Explain what is meant by a standard hour.

Give five possible sources of information from which a standard materials price may be estimated.

最新试题

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该科目易错题

The supply curve of a firm operating in a competitive market is itsAMarginal cost curve above the average variable cost curve BMarginal cost curve above the average total cost curveCAverage total cost curve beyond the point where the marginal cost curve cuts it from belowDAverage variable cost curve below the average revenue curve
A legal minimum price is set which is below the equilibrium price. What will be the impact of this?AExcess of demand over supplyBExcess of supply over demandCNothing
Which one of the following would cause the supply curve for a good to shift to the right (outwards from the origin)?AA fall in the price of the good BAn increase in the demand for the goodCA fall in production costs of the good DThe imposition of a minimum price
When the price of a good is held above the equilibrium price, the result will be？AExcess demandBA shortage of the goodCA surplus of the good
Which one of the following would not lead directly to a shift in the demand curve for overseas holidays?AAn advertising campaign by holiday tour operators BA fall in the disposable incomes of consumersCA rise in the price of domestic holidaysDA rise in the price of overseas holidays
Which of the following is likely to lead to a fall in the price of good Q which is a normal good?AA rise in the price of good P, a substitute for good QBA fall in the level of household incomes generallyCA fall in the price of good T, a complement to good Q DA belief that the price of good Q is likely to double in the next 3 months
According to the theory of the firm, which of the following statements describes an oligopoly?AThere are no barriers to entry into or exit from the marketBThere is only one producer in the marketCThere are four producers exerting considerable influence in the market DThere are many producers but they each use product differentiation to distinguish themselves from each other
Which of the following is not a substitute for carpets?ACeramic floor tilesBWooden floorboard CCarpet underlay
Which of the following is not a complement to cars?APetrolBTyresCHoliday
The demand for fashion goods is not influenced by：APriceBAllocative inefficiency among producersCThe distribution of income among householdsDExpectation of future price

该题目相似题

Which of the following are primary sources of data and which are secondary sources of data? Primary SecondaryData collected outside a polling station regarding voters choices An internet search for the cheapest fuel available in the area Government statistics on the levels of unemployment Data collected by observation on the number of cars flowing through a junctionduring peak travel hours
P Harrington is a golf ball manufacturer. Classify the following costs by nature {direct or indirect) in the table below. Cost Direct IndirectMachine operators wages Supervisors wages Resin for golf balls Salesmen's salaries
Last month a manufacturing company's profit was $2,000, calculated using absorption costing principles. If marginal costing principles had been used, a loss of $3,000 would have occurred. The company's fixed production cost is $2 per unit. Sales last month were 10,000 units.What was last month's production (in units}? ________units
When opening inventory was 8,500 litres and closing inventory was 6,750 litres, a firm had a profit of $62,100 using marginal costing.Assuming that the fixed overhead absorption rate was $3 per litre, what would be the profit using absorption costing? $______
What is the difference between a budget and a forecast?
Explain what is meant by a flexed budget
What does an adverse variable overhead efficiency variance indicate and what might be the cause?
What is the relationship between the labour efficiency variance and the variable overhead efficiency variance? Why might the monetary value be different?
Explain the meaning and relevance of interdependence of variances when reporting to managers.
What is the difference between internal and functional benchmarking?

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