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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 test prep to learn MBA accounting quiz 1 for online MBA programs courses. Learn price and efficiency variance multiple choice questions (MCQs), direct cost variances and management control quiz questions and answers. Free e-learning tutorial on price and efficiency variance, use of variances test prep for online advanced cost accounting courses distance learning.

Practice direct cost variances and management control career test with multiple choice question: if actual input price is $150 and budgeted input price is $80, then price variance will be, for business administration major with options $70, $130, $150, $80 for business schools online programs. Professional skills assessment test with learning online price and efficiency variance quiz questions with financial accounting MCQs for online certifications for professional development. Price and Efficiency Variance Video

MCQ on Direct Cost Variances & Management Control Test 1Quiz 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