Use of Variances MCQs Test Online PDF Download

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MCQ on Use of VariancesQuiz PDF Download

MCQ: Consideration of decreased operating income relative to budgeted amount, in static budget is classified as

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

D

MCQ: Variance is stated difference between expected performance and the

  1. revenue planning
  2. actual results
  3. marketing results
  4. cost planning

B

MCQ: Budget which is planned around a single output level is called

  1. marketing budget
  2. methodological budget
  3. static budget
  4. varied budget

C

MCQ: Static budget amount is subtracted from actual result to calculate

  1. static budget receipts
  2. static budget deviation
  3. static budget variance
  4. multiple budget variance

C

MCQ: If an actual result is $50000 and static budget variance is $25000, then static budget amount will be

  1. $75,000
  2. $25,000
  3. $35,000
  4. $45,000

B