Use of Variances MCQs Quiz Online PDF Download

Learn use of variances MCQs, cost accounting test for online courses learning and test prep to practice. Direct cost variances and management control quiz has multiple choice questions (MCQ), use of variances quiz questions and answers to learn for MBA entry test questions with answers.

Cost accounting practice test MCQ on consideration of decreased operating income relative to budgeted amount, in static budget is classified as with options revenue variance, cost variance, favorable variance and unfavorable variance problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning use of variances quiz with MCQs to practice test questions with answers. Use of Variances Video

MCQs on Use of Variances Quiz 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