Price and efficiency variance quiz questions, price and efficiency variance MCQs with answers, MBA accounting test prep 76 to learn MBA accounting degree online courses. Direct cost variances and management control quiz questions and answers, price and efficiency variance multiple choice questions (MCQs) to practice accounting quiz with answers for online colleges and universities courses. Learn price and efficiency variance MCQs, transfer pricing, static budget variance, specification analysis : estimation assumptions, price and efficiency variance test prep for finance certifications.

Learn price and efficiency variance test with multiple choice question (MCQs): an actual rate paid to labor is greater than budgeted rate, it means that the, with choices cost is unfavorable, variance is unfavorable, variance is favorable, and cost is favorable for online schools for business management degree. Learn direct cost variances and management control questions and answers for problem-solving, merit scholarships assessment test for accounting certifications. Price & Efficiency Variance Video

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