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Cost Accounting MCQs

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Price and Efficiency Variance MCQ with Answers PDF

Practice Price and Efficiency Variance Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with live worksheets for online degrees. Solve direct cost variances and management control Multiple Choice Questions and Answers (MCQs), Price and Efficiency Variance quiz questions and answers for online BBA degree. "Price and Efficiency Variance MCQ" PDF Download: use of variances, price and efficiency variance 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. Learn price and efficiency variance quiz questions for merit scholarship test and certificate programs for online business administration degree classes.

MCQs on Price and Efficiency Variance

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.

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

5.

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

growth evaluation
performance evaluation
efficiency
effectiveness
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