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Price & Efficiency Variance Quiz Questions and Answers 118 PDF Download

Price and efficiency variance quiz questions, learn MBA cost accounting online test prep 118 for distance learning, online degrees courses. Colleges and universities courses' MCQs on direct cost variances and management control quiz, price and efficiency variance multiple choice questions and answers to learn accounting quiz with answers. Practice price and efficiency variance MCQs, GMAT test prep on concept of relevance, types of inventory, flexible budget: cost accounting, cost analysis, price and efficiency variance practice test for online accounting degree courses distance learning.

Study price and efficiency variance online courses with multiple choice question (MCQs), difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate, for BBA degree and executive MBA degree in accounting questions with choices efficiency deviation, efficiency variance, budgeted variance, usage variance with online learning guide for international exams' preparation like GMAT test prep for good GMAT percentiles. Learn direct cost variances and management control questions and answers with problem-solving skills assessment test for master's degree entrance exam preparation. Price & Efficiency Variance Video

Quiz on Price & Efficiency Variance Worksheet 118Quiz PDF Download

Price & Efficiency Variance Quiz

MCQ: Difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate

  1. efficiency deviation
  2. efficiency variance
  3. budgeted variance
  4. usage variance


Cost Analysis Quiz

MCQ: Labor which works as forklift truck, plant guards and rework labor is classified as

  1. prime overhead
  2. conversion overhead
  3. factory overhead
  4. manufacturing overhead


Flexible Budget: Cost Accounting Quiz

MCQ: Number of units are multiplied to per unit price, to calculate

  1. multiple budget variable
  2. fixed budget variable
  3. flexible budget variable
  4. constant budget


Types of Inventory Quiz

MCQ: Inventory of final goods that are not yet sold is called

  1. finished goods inventory
  2. indirect material inventory
  3. direct materials inventory
  4. work in process inventory


Concept of Relevance Quiz

MCQ: Type of outcomes, which can never be measured in numerical terms in books of accounts are classified as

  1. expected factors
  2. recorded factors
  3. qualitative factors
  4. quantitative factors