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Direct Cost Variances and Management Control MCQ Questions and Answers PDF Download

Direct Cost Variances and Management Control Multiple Choice Questions and Answers (MCQs), direct cost variances and management control MCQs with answers PDF to practice cost accounting test 1 for online college programs. Learn price and efficiency variance MCQs, "Direct Cost Variances and Management Control" quiz questions and answers for admission and merit scholarships test. Learn price and efficiency variance, use of variances career test for master's degree in business administration.

"If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input are 50 units, then the price variance will be" Multiple Choice Questions (MCQ) on direct cost variances and management control with choices $13,000, $15,000, $11,000, and $9,000 for online BBA degree. Practice jobs' assessment test, online learning price and efficiency variance quiz questions for online business administration degree classes. Price and Efficiency Variance Video

MCQs on Direct Cost Variances & Management Control Quiz PDF Download

MCQ: If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input are 50 units, then the price variance will be

  1. $15,000
  2. $13,000
  3. $11,000
  4. $9,000

A

MCQ: If the actual input price is $150 and the budgeted input price is $80, then the price variance will be

  1. $130
  2. $70
  3. $150
  4. $80

B

MCQ: The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate

  1. standard price per input unit
  2. standard price per output unit
  3. standard cost per input unit
  4. standard cost per output unit

A

MCQ: The 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: If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be

  1. $40,000
  2. $50,000
  3. $150,000
  4. $170,000

A

Cost Accounting MCQs: Multiple Choice Questions and Answers (Quiz & Tests with Answer Keys)