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Direct Cost Variances and Management Control Multiple Choice Questions Test 1 Tests pdf Download

Practice direct cost variances and management control multiple choice questions (MCQs), cost accounting test 1 online to learn. 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 answer key with choices as $13,000, $15,000, $11,000 and $9,000 of multiple choice questions (MCQ) 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. Study to learn price and efficiency variance quiz questions to practice MCQ based online exam preparation test. Price and Efficiency Variance Video

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

MCQ. 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

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

A

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

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

B

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

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

A