Price and Efficiency Variance MCQs Quiz Online PDF Download

Price and efficiency variance MCQs, learn online MBA cost accounting test prep for MBA programs online courses. Learn direct cost variances and management control multiple choice questions (MCQs), price and efficiency variance quiz questions and answers. Career test prep on use of variances, price and efficiency variance aptitude test for online advanced cost accounting courses distance learning.

Practice direct cost variances and management control aptitude 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, for free online business management courses with options $15,000 , $13,000 , $11,000 , $9,000 for BBA, MBA degree preparation with business administration jobs' exam tests. Free skills assessment test is for online learning price and efficiency variance quiz questions with MCQs, exam preparation questions and answers for online certifications for professional development. Price and Efficiency Variance Video

MCQs on Price and Efficiency VarianceQuiz 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: 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