Efficiency Variance in Accounting Multiple Choice Questions with Answers – 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