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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 SCRNIEVAA
VARIANCES ACVESANRI

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

USAGE ASEGU
USAGE EAGSU

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

PRICE RPEIC
PRICE IECRP

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

RATE ETRA
RATE RATE

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

EFFICIENCY FIENIECFYC
EFFICIENCY CCENIEYFIF

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

UNFAVORABLE RLAEAOUVFNB
UNFAVORABLE REOLAUNBAFV

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

OUTPUT OTUUTP
OUTPUT PUOTUT

8. This variance is associated with fixed manufacturing overhead.

VOLUME ULMVEO
VOLUME MULVEO

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

FLEXIBLE BLXEFILE
FLEXIBLE XIEBLFEL

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

BUDGET GBUDET
BUDGET TGBEDU

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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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