Tap the wrong word in each variance rule
Exercise and reference answers
- Questions
- Statement parts
- Using
- fewer
- pounds
- than
- standard
- is
- unfavourable
- Correction
- favourable
- Incorrect part
- unfavourable
- Statement parts
- Paying
- a
- higher
- price
- per
- pound
- than
- standard
- is
- favourable
- Correction
- unfavourable
- Incorrect part
- favourable
- Statement parts
- Price
- variance
- multiplies
- the
- price
- gap
- by
- standard
- quantity
- Correction
- actual
- Incorrect part
- standard
- Statement parts
- Materials
- quantity
- variance
- multiplies
- the
- quantity
- gap
- by
- actual
- price
- Correction
- standard
- Incorrect part
- actual
- Statement parts
- Leaving
- normal
- capacity
- idle
- gives
- a
- favourable
- volume
- variance
- Correction
- unfavourable
- Incorrect part
- favourable
- Instructions
- One word in each line is wrong. Tap it to put the line right.
Explanation
_Source: Jonick, Principles of Managerial Accounting, section 8.4 Factory Overhead Variances_