Price and Efficiency Variance Quizzes Online MCQs PDF Download eBook
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Price & Efficiency Variance Questions and Answers PDF Download eBook
MCQ: In cost accounting, the goal of variance analysis is to
- understand variance reason
- improve future performance
- learning of improvement
- all of above
D
MCQ: If the contribution margin per unit is $1000 and the contribution margin percentage is 25%, then the selling price would be
- $2,500
- $4,000
- $3,800
- $3,800
B
MCQ: If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be
- $78,000
- −$78000
- −$8000
- $8,000
C
MCQ: In activity based costing system, the description of activity can be classified as
- activity list
- activity dictionary
- active purpose
- both a and b
D
MCQ: The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as
- step down allocation method
- stand-alone revenue allocation method
- incremental revenue allocation method
- revenue mix allocation method
B