# Price & Efficiency Variance Quiz Questions and Answers 76 PDF Download

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## 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

- cost is unfavorable
- variance is unfavorable
- variance is favorable
- cost is favorable

B

Specification Analysis : Estimation Assumptions Quiz

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

- U=A-b
- u=A-a
- u=Y-y
- 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

- $6,500
- $6,600
- $6,700
- $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

- $45
- $110
- $20
- $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

- production exceeds breakeven sales
- breakeven sales exceeds production
- price exceeds cost
- cost exceeds price

A