Accounting

.Which of the following is true?
a.The form,content,and frequency of variance reports vary considerably among companies
b.The form,content,and frequency of variance reports do not vary among companies
c.The form and content of variance reports vary considerably among companies,but the frequency is always weekly
d.The form and content of variance reports are consistent among companies,but the frequency varies
19.Denmark Corporation’s variance report for the purchasing department reports1,000 units of material A purchased and 2,400 units of material B purchased.It also reports standard prices of$2 for material A and $3 for Material B.Actual prices reported are$2.10 for Material A and $2.80 for Material B.Denmark should report a total price variance of
a.380 F
b.340 F
c.340 U
d.380 U
20.When is a variance considered to be’material’?
a.when it is large compared to the actual cost
b.when it is infrequent
c.when it is unfavorable
d.when it could have been controlled more effectively

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