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Direct Cost Variances and Management Control Multiple Choice Questions 1 PDF Download

Learn direct cost variances and management control multiple choice questions (MCQs), cost accounting test 1 for online exams. Practice price and efficiency variance MCQs questions and answers on price and efficiency variance, use of variances with answers. Free direct cost variances and management control quiz, online study guide has helping answer key with choices as $13,000 , $15,000 , $11,000 and $9,000 of multiple choice questions as if actual price input is $700, budgeted price of input is $400 and actual quantity of input is 50 units, then price variance will be to test learning skills for viva exam preparation and job's interview questions. Study to learn price and efficiency variance quiz questions with online learning MCQs for competitive exam preparation test. Price and Efficiency Variance Video

MCQ on Direct Cost Variances and Management Control Quiz PDF Download Test 1

MCQ. If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input is 50 units, then the price variance will be

  1. $15,000
  2. $13,000
  3. $11,000
  4. $9,000

A

MCQ. If the actual input price is $150 and the budgeted input price is $80, then the price variance will be

  1. $130
  2. $70
  3. $150
  4. $80

B

MCQ. The standard input allows one unit, to be divided by standard cost per output unit for variable direct cost input, to calculate

  1. standard price per input unit
  2. standard price per output unit
  3. standard cost per input unit
  4. standard cost per output unit

A

MCQ. The consideration of decreased operating income relative to budgeted amount in static budget is classified as

  1. revenue variance
  2. cost variance
  3. favorable variance
  4. unfavorable variance

D

MCQ. If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be

  1. $40,000
  2. $50,000
  3. $150,000
  4. $170,000

A