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Direct Cost Variances and Management Control Multiple Choice Questions (MCQ) 1 PDF eBook Download

Learn direct cost variances and management control multiple choice questions (MCQ), direct cost variances and management control quiz answers pdf 1, cost accounting tests to study online certificate courses. Practice price and efficiency variance MCQs, "Direct Cost Variances and Management Control" quiz questions and answers for admission and merit scholarships test. Learn price and efficiency variance, use of variances career test for master's degree in business administration.

Practice direct cost variances and management control multiple choice questions (MCQ): If actual price input is $700, budgeted price of input is $400 and actual quantity of input are 50 units, then price variance will be, with choices $13,000, $15,000, $11,000, and $9,000 for online BBA degree. Practice jobs' assessment test, online learning price and efficiency variance quiz questions for online business administration degree classes. Price and Efficiency Variance Video

MCQs on Direct Cost Variances & Management Control Quiz 1 PDF eBook Download

MCQ: If actual price input is $700, budgeted price of input is $400 and actual quantity of input are 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