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

Direct cost variances and management control multiple choice questions (MCQs), direct cost variances and management control quiz answers, MBA accounting test prep 1 to learn online accounting courses. Price and efficiency variance MCQs, direct cost variances and management control quiz questions and answers for admission and merit scholarships test. Practice price and efficiency variance, use of variances career test for business analyst certification.

Learn direct cost variances and management control quiz with multiple choice questions: 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 bachelor's degree business administration. Practice jobs' assessment test for online learning price and efficiency variance quiz questions with financial accounting MCQs for financial business analyst certification. Price and Efficiency Variance Video

MCQs on Direct Cost Variances & Management Control Test 1 PDF Book 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