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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 learning, course exam prep. Practice price and efficiency variance MCQs, direct cost variances and management control questions and answers on price and efficiency variance, use of variances test for online advanced cost accounting courses distance learning.

Free direct cost variances and management control quiz online, self-study student guide has multiple choice question: 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 BBA, MBA degree preparation with business administration jobs' exam tests. Study to learn online price and efficiency variance quiz questions with financial accounting MCQs for finance certification competitive exam prep. Price and Efficiency Variance Video

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