Price and Efficiency Variance MCQs Quiz Online PDF Download

Learn price and efficiency variance MCQs, cost accounting test for online courses learning and test prep to practice. Direct cost variances and management control quiz has multiple choice questions (MCQ), price and efficiency variance quiz questions and answers to learn for online business accounting system course test.

Cost accounting practice test MCQ on 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 options $15,000 , $13,000 , $11,000 and $9,000 problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning price and efficiency variance quiz with MCQs to practice test questions with answers. Price and Efficiency Variance Video

MCQs on Price and Efficiency Variance 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. 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