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Price & Efficiency Variance Quiz Questions and Answers 118 PDF Download

Learn price & efficiency variance quiz, online cost accounting test 118 for distance learning, online courses. Free accounting MCQs questions and answers to learn price & efficiency variance MCQs with answers. Practice MCQs to test knowledge on price and efficiency variance with answers, concept of relevance, types of inventory, flexible budget: cost accounting, cost analysis, price and efficiency variance test for online accounting degree courses distance learning.

Free price & efficiency variance online course worksheet has multiple choice quiz question: 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 with problems solving answer key to test study skills for online e-learning, formative assessment and jobs' interview preparation tips, study direct cost variances & management control multiple choice questions based quiz question and answers. Price & Efficiency Variance Video

Quiz on Price & Efficiency Variance Worksheet 118 Quiz 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