Price and Efficiency Variance MCQs Quiz Online PDF Download

Learn price and efficiency variance MCQs, cost accounting test for online learning courses, test prep to practice test. Direct cost variances and management control MCQs, price and efficiency variance multiple choice questions and answers, use of variances, price and efficiency variance tutorials for online advanced cost accounting courses distance learning.

Cost accounting practice test 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 with options $15,000 , $13,000 , $11,000 and $9,000 for BBA, MBA degree preparation with business administration jobs' exam tests. Free study guide is for online learning price and efficiency variance quiz questions with MCQs to practice test questions with answers for online certifications for professional development. 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