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Price & Efficiency Variance Quiz Questions and Answers 76 PDF Download

Price and efficiency variance quiz questions and answers, price and efficiency variance online learning, MBA accounting test prep 76 for distance education eCourses. Undergraduate degree and master's degree eCourses MCQs on direct cost variances and management control quiz, price and efficiency variance multiple choice questions to practice accounting quiz with answers. Learn price and efficiency variance MCQs, career aptitude test on inventory costing methods, transfer pricing, static budget variance, specification analysis : estimation assumptions, price and efficiency variance practice test for online business schools courses distance learning.

Practice price and efficiency variance career test with multiple choice question (MCQs): an actual rate paid to labor is greater than budgeted rate, it means that the, for e-learning degree certificate with options cost is unfavorable, variance is unfavorable, variance is favorable, cost is favorable for masters in business administration. Learn direct cost variances and management control questions and answers with problem-solving skills assessment test to prepare entrance exam for EMBA program admission. Price & Efficiency Variance Video

Quiz on Price & Efficiency Variance Worksheet 76Quiz PDF Download

Price & Efficiency Variance Quiz

MCQ: An actual rate paid to labor is greater than budgeted rate, it means that the

  1. cost is unfavorable
  2. variance is unfavorable
  3. variance is favorable
  4. cost is favorable

B

Specification Analysis : Estimation Assumptions Quiz

MCQ: An error term, disturbance term or residual term is calculated as

  1. U=A-b
  2. u=A-a
  3. u=Y-y
  4. u=X-x

C

Static Budget Variance Quiz

MCQ: If sales volume variance is $8500 and static budget amount is $2000, then flexible budget amount would be

  1. $6,500
  2. $6,600
  3. $6,700
  4. $6,800

A

Transfer Pricing Quiz

MCQ: If opportunity cost per barrel is $45 per unit, incremental cost per barrel is $65, then minimum transfer price will be

  1. $45
  2. $110
  3. $20
  4. $65

B

Inventory Costing Methods Quiz

MCQ: If fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in

  1. production exceeds breakeven sales
  2. breakeven sales exceeds production
  3. price exceeds cost
  4. cost exceeds price

A