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"If an actual input price is $70 and the budgeted input price is $40, then the price variance will be", price and efficiency variance Multiple Choice Questions (MCQ) with choices $50, $120, $110, and $30 to study online BBA courses. Learn direct cost variances and management control questions and answers to improve problem solving skills for accredited online schools for business management. Price & Efficiency Variance Video
Price & Efficiency Variance Questions and Answers PDF Download eBook
MCQ: If an actual input price is $70 and the budgeted input price is $40, then the price variance will be
- $120
- $50
- $110
- $30
D
MCQ: If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be
- $2,500
- $5,500
- $3,500
- $2,000
D
MCQ: If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be
- $7,500
- $6,500
- $1,000
- $10,000
C
MCQ: The budget, which highlights the difference between actual quantity and budgeted quantity is termed as
- actual cost budget
- flexible budget variance
- inflexible budget
- hourly budget
B
MCQ: If the fixed cost is $10000, the target operating income is $8000 and the contribution margin per unit is $900, then required units to be sold will be
- 45 units
- 30 units
- 20 units
- 52 units
C