Efficiency Variance in Accounting Multiple Choice Questions (MCQ) PDF Download

MCQ 1: An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be

1. 275 units
2. 250 units
3. 150 units
4. 650 units

MCQ 2: An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be

1. 300 units
2. 700 units
3. 800 units
4. 500 units

MCQ 3: In management control, an efficiency variance is also referred as

1. control variance
2. uncontrolled variance
3. usage variance
4. effective variance

MCQ 4: If an efficiency variance is 200 units and the actual input quantity is 750 units, then the budgeted input quantity will be

1. 275 units
2. 125 units
3. 550 units
4. 650 units

MCQ 5: If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be

1. $23,800
2. $11,200
3. $12,200
4. $13,200