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Cost Accounting Quizzes

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Price and Efficiency Variance Quiz Questions and Answers PDF p. 118

Price and Efficiency Variance quiz questions and answers, price and efficiency variance MCQ with answers PDF 118 to solve Cost Accounting mock tests for online college programs. Solve Direct Cost Variances and Management Control trivia questions, price and efficiency variance Multiple Choice Questions (MCQ) for online college degrees. Price and Efficiency Variance Interview Questions PDF: concept of relevance, types of inventory, flexible budget: cost accounting, cost analysis, price and efficiency variance test prep for online BBA business administration.

"The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate" MCQ PDF with choices efficiency variance, efficiency deviation, budgeted variance, and usage variance for online bachelor degree programs in business administration. Practice direct cost variances and management control questions and answers to improve problem solving skills for online college courses for business management.

Quiz on Price & Efficiency Variance MCQs

MCQ: The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate

efficiency deviation
efficiency variance
budgeted variance
usage variance

MCQ: The labor which works as forklift truck, plant guards and the rework labor is classified as

prime overhead
conversion overhead
factory overhead
manufacturing overhead

MCQ: Number of units are multiplied to per unit price, to calculate

multiple budget variable
fixed budget variable
flexible budget variable
constant budget

MCQ: The inventory of the final goods that are not yet sold is called

finished goods inventory
indirect material inventory
direct materials inventory
work in process inventory

MCQ: The type of outcomes, which can never be measured in numerical terms in books of accounts are classified as

expected factors
recorded factors
qualitative factors
quantitative factors