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Figure 16-4 Villafane, SA., has done a cost analysis for its production of decals. The following activities and cost drivers have been developed: Figure 16-4 Villafane, SA., has done a cost analysis for its production of decals. The following activities and cost drivers have been developed: Following are the actual costs of producing 35,000 decals: 1,000 machine hours; 5 batches; 30 purchase orders The following variances were given in the activity performance report: -Refer to Figure 16-4. What is the activity variance for purchasing? A) £500 U B) £100 U C) £50 U D) none of the above Following are the actual costs of producing 35,000 decals: 1,000 machine hours; 5 batches; 30 purchase orders Figure 16-4 Villafane, SA., has done a cost analysis for its production of decals. The following activities and cost drivers have been developed: Following are the actual costs of producing 35,000 decals: 1,000 machine hours; 5 batches; 30 purchase orders The following variances were given in the activity performance report: -Refer to Figure 16-4. What is the activity variance for purchasing? A) £500 U B) £100 U C) £50 U D) none of the above The following variances were given in the activity performance report: Figure 16-4 Villafane, SA., has done a cost analysis for its production of decals. The following activities and cost drivers have been developed: Following are the actual costs of producing 35,000 decals: 1,000 machine hours; 5 batches; 30 purchase orders The following variances were given in the activity performance report: -Refer to Figure 16-4. What is the activity variance for purchasing? A) £500 U B) £100 U C) £50 U D) none of the above -Refer to Figure 16-4. What is the activity variance for purchasing?


A) £500 U
B) £100 U
C) £50 U
D) none of the above

E) A) and B)
F) None of the above

Correct Answer

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Figure 16-1 Armati, SA., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, SA., had the following budgeted data: Figure 16-1 Armati, SA., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, SA., had the following budgeted data: The following actually occurred: -Refer to Figure 16-1. The static budget variance for rent is A) £100 F. B) £100 U. C) £-0-. D) £50 U. The following actually occurred: Figure 16-1 Armati, SA., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, SA., had the following budgeted data: The following actually occurred: -Refer to Figure 16-1. The static budget variance for rent is A) £100 F. B) £100 U. C) £-0-. D) £50 U. -Refer to Figure 16-1. The static budget variance for rent is


A) £100 F.
B) £100 U.
C) £-0-.
D) £50 U.

E) None of the above
F) B) and C)

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Which of the following must be addressed if budgets are to be used in performance evaluation?


A) determine how budgeted amounts should be compared with actual results
B) consider the impact of budgets on human behaviour
C) both a and b
D) neither a nor b

E) All of the above
F) B) and D)

Correct Answer

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Figure 16-2 Glenn, SA., has done a cost analysis for its production of T-shirts. The following activities and cost drivers have been developed: Figure 16-2 Glenn, SA., has done a cost analysis for its production of T-shirts. The following activities and cost drivers have been developed: Following are the actual costs of producing 75,000 T-shirts: 5,000 machine hours; 10 batches; 20 purchase orders -Refer to Figure 16-2. What is the budget variance for inspection in an activity-based performance report? A) £1,000 F B) £2,000 F C) £3,000 F D) none of the above Following are the actual costs of producing 75,000 T-shirts: 5,000 machine hours; 10 batches; 20 purchase orders Figure 16-2 Glenn, SA., has done a cost analysis for its production of T-shirts. The following activities and cost drivers have been developed: Following are the actual costs of producing 75,000 T-shirts: 5,000 machine hours; 10 batches; 20 purchase orders -Refer to Figure 16-2. What is the budget variance for inspection in an activity-based performance report? A) £1,000 F B) £2,000 F C) £3,000 F D) none of the above -Refer to Figure 16-2. What is the budget variance for inspection in an activity-based performance report?


A) £1,000 F
B) £2,000 F
C) £3,000 F
D) none of the above

E) All of the above
F) None of the above

Correct Answer

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