MBA Cost Accounting MCQs - Chapter 16

Direct Cost Variances and Management Control Trivia Questions and Answers PDF - 4

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Direct Cost Variances & Management Control Questions & Answers PDF Download: MCQ Quiz 4

MCQ 16: The budget which is planned around a single output level is called

marketing budget
methodological budget
static budget
varied budget

MCQ 17: The actual price of material is less than budgeted price, this means that

price variance is favorable
price variance is unfavorable
cost variance is favorable
cost variance is unfavorable

MCQ 18: An actual rate paid to labor is greater than the budgeted rate, it means that the

cost is unfavorable
variance is unfavorable
variance is favorable
cost is favorable

MCQ 19: If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be

$135,000
$45,000
$50,000
$55,000

MCQ 20: If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be

variable growth of company
constant growth of company
company is inefficient
company is efficient

MBA Cost Accounting Mock Tests

Department Costs, Common Costs and Revenues MCQs

Accounting Concepts MCQs

Capital Budgeting and Cost Benefit Analysis MCQs

Job Costing MCQs

Flexible Budget and Management Control MCQs

Budgeting and Accounting MCQs

Cost Allocation: Joint Products and Byproducts MCQs

Management Control Systems and Multinational Considerations MCQs

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