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Price & Efficiency Variance Quiz Questions and Answers 118 PDF Download

Practice price & efficiency variance quiz, cost accounting quiz 118 for online learning. Free accounting MCQs questions and answers to practice price & efficiency variance MCQs with answers. Practice MCQs to test knowledge on price and efficiency variance, cost analysis, flexible budget: cost accounting, types of inventory, concept of relevance worksheets.

Free price & efficiency variance worksheet has multiple choice quiz question as difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate, answer key with choices as efficiency deviation, efficiency variance, budgeted variance and usage variance problem solving to test study skills. For online learning, viva help and jobs' interview preparation tips, study direct cost variances & management control multiple choice questions based quiz question and answers. Price & Efficiency Variance Video

Quiz on Price & Efficiency Variance Quiz PDF Download Worksheet 118

Price and Efficiency Variance Quiz

MCQ. The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate

  1. efficiency deviation
  2. efficiency variance
  3. budgeted variance
  4. usage variance


Cost Analysis Quiz

MCQ. The labor which works as forklift truck, plant guards and the rework labor is classified as

  1. prime overhead
  2. conversion overhead
  3. factory overhead
  4. manufacturing overhead


Flexible Budget: Cost Accounting Quiz

MCQ. Number of units are multiplied to per unit price, to calculate

  1. multiple budget variable
  2. fixed budget variable
  3. flexible budget variable
  4. constant budget


Types of Inventory Quiz

MCQ. The inventory of the final goods that are not yet sold is called

  1. finished goods inventory
  2. indirect material inventory
  3. direct materials inventory
  4. work in process inventory


Concept of Relevance Quiz

MCQ. The type of outcomes, which can never be measured in numerical terms in books of accounts are classified as

  1. expected factors
  2. recorded factors
  3. qualitative factors
  4. quantitative factors