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Chapter 17 Additional Topics in Variance Analysis Answer Key
True / False Questions
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Topic: Profit Variance Analysis When Units Produced Do Not Equal Units Sold
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Multiple Choice Questions
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Ingredient A12H is a raw material used to make Calvin Corporation's major product. The
standard cost of Ingredient A12H is $23.00 per ounce and the standard quantity is 3.8
ounces per unit of output. Data concerning the compound for October appear below:
Cost of material purchased in October,
per ounce
$23.10
Material purchased in October, ounces
2,300
Material used in production in October,
ounces
2,120
Actual output in October, units
600
30.
Ingredient A12H is a raw material used to make Calvin Corporation's major product. The
standard cost of Ingredient A12H is $23.00 per ounce and the standard quantity is 3.8
ounces per unit of output. Data concerning the compound for October appear below:
Cost of material purchased in October,
per ounce
$23.10
Material purchased in October, ounces
2,300
Material used in production in October,
ounces
2,120
Actual output in October, units
600
31.
Ingredient A12H is a raw material used to make Calvin Corporation's major product. The
standard cost of Ingredient A12H is $23.00 per ounce and the standard quantity is 3.8
ounces per unit of output. Data concerning the compound for October appear below:
Cost of material purchased in October,
per ounce
$23.10
Material purchased in October, ounces
2,300
Material used in production in October,
ounces
2,120
Actual output in October, units
600
32.
Ingredient A12H is a raw material used to make Calvin Corporation's major product. The
standard cost of Ingredient A12H is $23.00 per ounce and the standard quantity is 3.8
ounces per unit of output. Data concerning the compound for October appear below:
Cost of material purchased in October,
per ounce
$23.10
Material purchased in October, ounces
2,300
Material used in production in October,
ounces
2,120
Actual output in October, units
600
