21. Ideal standards (Points: 4) are rigorous but attainable. are the standards generally used
in a master budget. reflect optimal performance under perfect operating conditions.
will always motivate employees to achieve the maximum output.
22. An unfavorable materials quantity variance would occur if (Points: 4) more materials
were purchased than were used. actual pounds of materials used were less than the
standard pounds allowed. actual labor hours used were greater than the standard labor
hours allowed. actual pounds of materials used were greater than the standard
pounds allowed.
23. The direct labor quantity standard is sometimes called the direct labor (Points: 4)
volume standard. effectiveness standard. efficiency standard. quality standard.
24. The difference between a budget and a standard is that (Points: 4) a budget expresses
what costs were, while a standard expresses what costs should be. a budget expresses
management’s plans, while a standard reflects what actually happened. a budget
expresses a total amount, while a standard expresses a unit amount. standards are
excluded from the cost accounting system, whereas budgets are generally incorporated
into the cost accounting system.
25. Sargent.Com plans to sell 2,000 purple lawn chairs during May, 1,900 in June, and
