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Direct Cost Variances and Management Control Multiple Choice Questions 1 PDF Download

Learn direct cost variances and management control multiple choice questions (MCQs), cost accounting test 1 for online course prep exams. Practice price and efficiency variance MCQs questions and answers on price and efficiency variance, use of variances for BBA interview questions.

Free direct cost variances and management control quiz online, study guide has multiple choice question on 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 options $13,000 , $15,000 , $11,000 and $9,000 to test online e-learning skills for viva exam prep and job's interview questions with answers key. Study to learn price and efficiency variance quiz questions with online learning MCQs for competitive exam preparation test. Price and Efficiency Variance Video

MCQ on Direct Cost Variances and Management Control Quiz PDF Download Test 1

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