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MBA Cost Accounting Cerification Guide: Practice Test 3 (Chapter 16)
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The variance is the stated difference between expected performance and the
A costing system, which focuses on individual activities as the particular cost object is classified as
The difference between actual input variance and the budgeted input variance is called
An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be
The performance is evaluated only on the basis of price variance, if the performance evaluation is
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