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Cost Accounting MCQ Questions

Cost Accounting MCQs - Chapter

Direct Cost Variances and Management Control Multiple Choice Questions and Answers PDF p. 1

Practice Direct Cost Variances and Management Control multiple choice questions and answers, BBA quiz answers PDF to solve Cost Accounting worksheets 1 for online colleges. Solve price and efficiency variance MCQs, Direct Cost Variances and Management Control trivia questions and answers for admission and merit scholarships test. "Direct Cost Variances and Management Control MCQ" PDF book: 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 price and efficiency variance quiz questions for jobs' assessment test and online courses for online business administration degree classes.

MCQs on Direct Cost Variances & Management Control Quiz

1.

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

$15,000
$13,000
$11,000
$9,000

2.

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

$130
$70
$150
$80

3.

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

standard price per input unit
standard price per output unit
standard cost per input unit
standard cost per output unit

4.

The consideration of decreased operating income relative to budgeted amount, in static budget is classified as

revenue variance
cost variance
favorable variance
unfavorable variance

5.

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

$40,000
$50,000
$150,000
$170,000