MBA Cost Accounting MCQs - Chapter 16

Direct Cost Variances and Management Control Quiz Questions and Answers PDF - 7

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Free Direct Cost Variances and Management Control Quiz Questions and Answers, Direct Cost Variances and Management Control Quiz PDF Download, Book Ch. 16-7 to learn MBA Cost Accounting Online Course. Practice Price and Efficiency Variance MCQs, Direct Cost Variances and Management Control MCQ questions and answers PDF to prepare for job interview. The Direct Cost Variances and Management Control Quiz App Download: Free learning app for static budget: cost accounting career test for grad cert business administration.

The Quiz: If the budgeted price of input is $50, actual quantity of input is 150 units and the allowed budgeted quantity of input is 60 units then efficiency variance will be; "Direct Cost Variances and Management Control" App Download iOS & Android (Free) with answers $3,500, $4,500, $2,500 and $1,500 for online masters in accounting. Study price and efficiency variance quiz questions, download Amazon eBook (Free Sample) for business administration bachelor degree online.

Direct Cost Variances & Management Control Questions & Answers PDF Download: MCQ Quiz 7

MCQ 31: If the budgeted price of input is $50, actual quantity of input is 150 units and the allowed budgeted quantity of input is 60 units then efficiency variance will be

$4,500
$3,500
$2,500
$1,500

MCQ 32: An efficiency variance is subtracted from actual input quantity to calculate

actual quantity manufactured
budgeted quantity manufactures
budgeted quantity sold
budgeted input quantity

MCQ 33: An actual cost is subtracted from flexible budget cost to calculate

positive cost variance
negative cost variance
flexible budget variance
flexible cost variance

MCQ 34: The difference between an actual budget and the corresponding amount in static budget is classified as

correspondent budget
full budget variance
methodology variance
static budget variance

MCQ 35: If an actual input price is $70 and the budgeted input price is $40, then the price variance will be

$120
$50
$110
$30

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