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Standard Costing(Word Scramble)

Author:
Harold Averkamp, CPA, MBA

To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Standard Costing (Explanation).

1. Differences between standard costs and actual costs.

VARIANCES ASCREVNAI
VARIANCES VRECSIAAN

2. A word used for the direct materials quantity variance.

USAGE UAESG
USAGE ASGUE

3. This direct materials variance is often calculated at the time the materials are received.

PRICE IPCRE
PRICE CRPIE

4. If employees are paid $15 per hour and the standard cost is $14 per hour, there will be a labor _______ variance.

RATE RATE
RATE TRAE

5. The labor quantity variance is often referred to as the labor _______________ variance.

EFFICIENCY CFEYFNEIIC
EFFICIENCY IICFCNEYFE

6. When the standard cost is less than the actual cost, the variance is _______________.

UNFAVORABLE LRUEVABFONA
UNFAVORABLE AEAVLUORFBN

7. The standard unit cost is applied to the units of good __________.

OUTPUT UUTOPT
OUTPUT PTUUTO

8. This variance is associated with fixed manufacturing overhead.

VOLUME UVOELM
VOLUME MOVLUE

9. A budget that changes with the volume of good output is a ___________ budget.

FLEXIBLE XBLFILEE
FLEXIBLE ELXEBILF

10. The fixed overhead __________ variance should not be affected by a reasonable change in the volume of output.

BUDGET GUTEDB
BUDGET UBDETG
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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