b a213– test3 review( ch10,13and14)- p c c（b a213 - test3 review(ch10,13 and14)- p c c）.docVIP

BA 213 – Test 3 Review(Ch10,13 and 14) Instructor: Usha Ramanujam 1. Which of the following statements is a good description of the variances that should be investigated under the management by exception concept? A) all variances should be investigated. B) only unfavorable variances should be investigated. C) a small random sample of all variances should be investigated. D) unusually large favorable and unfavorable variances should be investigated. 2. The direct labor standards for a particular product are: 4 hours of direct labor @ $12.00 per direct labor-hour = $48.00