Price and Efficiency Variance MCQs Questions and Answers PDF Book Download

Price and efficiency variance MCQs, price and efficiency variance quiz answers to learn accounting courses online. Direct cost variances and management control multiple choice questions (MCQs), price and efficiency variance quiz questions and answers for online masters in finance. Price and efficiency variance test prep for business analyst certification.

Learn direct cost variances and management control test MCQs: 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 $15,000, $13,000, $11,000, and $9,000 for online masters in finance. Practice assessment test for scholarships, online learning price and efficiency variance quiz questions for competitive assessment in business majors for financial business analyst certification. Price and Efficiency Variance Video

MCQ on Price and Efficiency VarianceQuiz 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: 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

MCQ: Degree which predetermines target or income achieved, can be grouped under

  1. growth evaluation
  2. performance evaluation
  3. efficiency
  4. effectiveness

D