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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 courses, distance learning. Free accounting MCQs questions and answers to learn price & efficiency variance MCQs with answers. Practice MCQs to test knowledge on price and efficiency variance, specification analysis : estimation assumptions, static budget variance, transfer pricing, inventory costing methods for online what is cost course test.

Free price & efficiency variance course worksheet has multiple choice quiz question as an actual rate paid to labor is greater than budgeted rate, it means that the with options cost is unfavorable, variance is unfavorable, variance is favorable and cost is favorable with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study direct cost variances & management control multiple choice questions based quiz question and answers. Price & Efficiency Variance Video

Quiz on Price & Efficiency Variance Quiz PDF Download Worksheet 76

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