Acct-231
Standards and Variances
10.31
The
Questions
Waikato Uni
100
Our paper title is Management Accounting: Accounting for __________________
Organisational Control
100
What is the Type of variance where there was a different amount of material used to make the products?
material QUANTITY variance
100
What month of the year are we looking at in this question?
January
100
What did you have to create for question 3?
An excel spreadsheet.
100
What two cities does Waikato University have campuses on?
Hamilton and Tauranga
200
What is the name of our lecturer?
Dani Foo
200
What two chapters were about the topics of standard costs and variances?
Chapter 10 and 11
200
What is the name of the products this company produces?
Stylex
200
What was the total standard costing? (The answer to question 1?)
$95,000
200
What holiday, special to the Waikato region, happened on Thursday last week?
Kingitanga day
300
In what room do our lecturers take place?
MSB 1.01
300
Investigating variances is good for a business to evaluate actual _______
Performance
300
What is the name of the company in this question?
Microhem ltd.
300
Question 2, a is about what variance?
Material Price Variance
300
What year was the founding of this university?
1964
400
What are our lecturers office ours?
Friday 10am - 12pm
400
Describe the perfection method of standard costing
The lowest costs obtainable, in a setting where there are perfect operating conditions, peak efficiency and no disruption to production.
400
What was this business' STANDARD cost for each labour hour?
$17
400
What is the answer to 2, b?
$1,350 Favourable
400
What former Prime Minister is the current chancellor?
Jim Bolger
500
What is the date for the Acct231 exam for B Semester?
October 24th
500
What is a NEGATIVE motivational impact of practical standard costing?
Could encourage inefficiency, waste and not working to employees.
500
What is the page number in your textbook where this problem begins.
474
500
What formula would you use to figure out Labour efficiency variance in order to answer 2, d?
Standard Rate * (Actual Hours - Standard Hours)
500
Name all four halls of residence here at Waikato Uni
College Hall, Orchard Park, Student Village and Bryant Hall
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