Use of Variances Quiz Questions and Answers PDF Download eBook
Use of Variances quiz questions and answers, use of variances MCQs with answers PDF 139 to practice accounting mock tests for online graduate programs. Practice Direct Cost Variances and Management Control quiz questions with answers, use of variances Multiple Choice Questions (MCQ) for online accounting degree. Free use of variances MCQs, static budget: cost accounting, price and efficiency variance, variable and fixed overhead costs, breakeven point and target income, use of variances test prep for online business university.
"If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be", use of variances Multiple Choice Questions (MCQ) with choices $25,000, $75,000, $35,000, and $45,000 to learn online classes courses. Learn direct cost variances and management control questions and answers to improve problem solving skills for online business administration degree. Use of Variances Video
Quiz on Use of Variances PDF Download eBook
MCQ: If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be
- $75,000
- $25,000
- $35,000
- $45,000
B
MCQ: If the margin of safety is $25000 and the budgeted revenue is $45000, then the margin of safety in percentage will be
- 55.56%
- 25.50%
- 28%
- 45.00%
A
MCQ: Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as
- variable overhead spending variance
- fixed overhead spending variance
- constant spending variance
- potential spending variance
A
MCQ: If the actual price input is $500, the budgeted price of input is $300 and the actual quantity of input is 50 units, then the price variance would be
- $4,000
- $6,000
- $8,000
- $10,000
D
MCQ: If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be
- $400,000
- $500,000
- $100,000
- $600,000
C