# Price & Efficiency Variance Quiz Questions and Answers 118 PDF Book Download

Price and efficiency variance quiz, price and efficiency variance MCQs answers, MBA accounting quiz 118 to learn online accounting courses. College and university courses MCQs, direct cost variances and management control quiz questions and answers, price and efficiency variance multiple choice questions to practice accounting quiz with answers. Learn price and efficiency variance MCQs, career test on types of inventory, flexible budget: cost accounting, cost analysis, price and efficiency variance test prep for accounting certifications.

Practice price and efficiency variance career test with multiple choice question (MCQs): difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate, with choices efficiency deviation, efficiency variance, budgeted variance, and usage variance for online business degree. Learn direct cost variances and management control questions and answers for scholarships exams' problem-solving, assessment test for finance certifications. Price & Efficiency Variance Video

## Quiz on Price & Efficiency Variance Worksheet 118Quiz Book 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

B

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

D

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

C

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

A

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

C