16. Assuming that the
standard fixed overhead rate is based on full capacity, the cost of
available but unused productive capacity is indicated by the
a.
fixed factory overhead volume variance
b. direct labor time
variance
c. direct labor rate
variance
d. variable factory
overhead controllable variance
17.A company records
its inventory purchases at standard cost but also records purchase
price variances. The company purchased 5,000 widgets at $8.00 each,
and the standard cost for the widgets is $7.60. Which...