1. Poor quality materials could have an unfavorable effect on which of the following variances? Lab efficiency variance Materials quantity VarianceA Yes Yesb Yes Noc No Yesd No No2. Which of the...

1. Poor quality materials could have an unfavorable effect on which of the following variances? Lab efficiency variance Materials quantity VarianceA Yes Yesb Yes Noc No Yesd No No2. Which of the following statements concerning ideal standards is incorrect?A. Ideal standards generally do not provide the best motivation for workers.B. Ideal standards do not make allowances for waste, spoilage, and machine breakdowns.C. Ideal standards are better suited for cash budgeting than practical standards.D. Ideal standards may be better than practical standards when managers seek continual improvement.3. Under traditional standard costing, which of the following would commonly be included when setting a standard quantity for direct material? An allowance for material An allowance for material rejected wasted during production during productiona YES YESb YES NOc NO YESd NO NO4. When computing standard cost variances, the difference between actual and standard price multiplied by actual quantity yields a(n)a Combined price and quantity varianceb Efficiency varianced Quantity variance5. Which of the following would produce a materials price variance?a An excess quantity of materials used b An excess number of direct labor-hours worked in completing a jobc Shipping materials to the plant by air freight rather than by truckd Breakage of materials in production