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MBA Cost Accounting Competitive Exam: Practice Test 5 (Chapter 16)
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The MCQ: In cost accounting, the goal of variance analysis is to; "Direct Cost Variances and Management Control" App Download [Free] with answers: improve future performance, understand variance reason, and learning of improvement for online graduate programs. Solve Financial Perspective: Costs of Quality Quiz Questions, download Google eBook (Free Sample) for BA in business administration.
In cost accounting, the goal of variance analysis is to
In management control, an efficiency variance is also referred as
If an efficiency variance is 200 units and the actual input quantity is 750 units, then the budgeted input quantity will be
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
The budgeted input quantity is added in to efficiency variance to calculate
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