| 30) The flexible budget revenue variance results: |
| A) when the actual sales price differs from the static budget sales price. | | | | |
| B) when the actual units sold differs from the static budget sales units. | | | | |
| C) when actual units and actual sales price differs from the static budget units sold and sales price. | | |
| D) when actual units sold equal static budget units sold. | | | | | |
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| 31) Under standard costing, if the direct materials price paid for inputs is more than planned, you would: |
| A) debit Direct Material Control for the actual amount paid to purchase direct materials. | | | |
| B) | debit Direct Material Control for the budgeted quantity to be purchased times the actual price paid per input for the inputs purchased. | | | |
| C) | credit Accounts Payable Control for the budgeted price per input times the budgeted quantity of inputs purchased. | | | |
| D) | Debit Direct Material Control for the actual quantities purchased times the standard price per input. | | |
| | | | | | | | | | | | |
| 32) Under standard costing, if the direct material price paid is more than the standard price, you would: |
| A) debit Work-in-Process. | | | | | | | | |
| B) credit Direct Material Control. | | | | | | | |
| C) debit Direct Material Price Variance. | | | | | | | |
| D) debit Direct Material Efficiency Variance. | | | | | | |
| | | | | | | | | | | | |
| 33) Using standard costing, the sales price variance would be reflected on a budget performance report under: |
| A) | either "Sales-Volume Variances" or "Flexible Budget Variances" for revenues. | | | | |
| B) | both "Sales-Volume Variances" or "Flexible Budget Variances" for revenues. | | | | |
| C) | only the "Sales-Volume Variances" for revenues. | | | | | | |
| D) | only the "Flexible Budget Variances" for revenues. | | | | | | |
| E) | neither "Sales-Volume Variances" or "Flexible Budget Variances" for revenues. | | | |
| | | | | | | | | | | | |
| 34) Under standard costing, a sales-volume variance results when there are: |
| A) | differences between the flexible budget units sold and the actual units sold. | | | | |
| B) | differences between static budget units sold and actual units sold. | | | | |
| C) | differences between the static budget selling price and the actual sales price. | | | | |
| D) | no differences between static budget units sold and actual units sold. | | | | |
