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Solve Price and Efficiency Variance Multiple Choice Questions (MCQ), price and efficiency variance quiz answers PDF worksheet, cost accounting practice test for online courses. Learn direct cost variances and management control Multiple Choice Questions and Answers (MCQs), "Price and Efficiency Variance" quiz questions and answers for online BBA degree. Learn direct cost variances & management control test prep 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 price and efficiency variance with choices \$15,000, \$13,000, \$11,000, and \$9,000 for online BBA degree. Practice price and efficiency variance quiz questions fmerit scholarship test and certificate programs for online business administration degree classes. Price and Efficiency Variance Video

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: 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

MCQ: The degree which predetermines target or income achieved, can be grouped under

1. growth evaluation
2. performance evaluation
3. efficiency
4. effectiveness

D