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Price & Efficiency Variance Quiz Questions and Answers 76 PDF Download

Learn price & efficiency variance quiz online, cost accounting test 76 for online learning, distance learning courses. Free price & efficiency variance MCQs questions and answers to learn accounting quiz with answers. Practice tests for educational assessment on price and efficiency variance test with answers, 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.

Free online price & efficiency variance course worksheet has multiple choice quiz question: 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 mock tests, competitive exams questions and answers after reading theory and textbooks, study direct cost variances & management control multiple choice questions based quiz question and answers. Price & Efficiency Variance Video

Quiz on Price & Efficiency Variance Worksheet 76 Quiz 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