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Price & Efficiency Variance Quiz Questions 118 Tests pdf Download

Practice price & efficiency variance quizzes, cost accounting quiz 118 to learn. Free accounting MCQs questions and answers to learn 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 to test study skills. For eLearning, study online 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. 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. Labor which works as forklift truck, plant guards and 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. Inventory of 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. 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