Price and Efficiency Variance Notes Questions with Answers PDF Download – Test 119

MCQ 591: The level of used input to achieve a determined level of output is termed as:

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

MCQ 592: If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of:

1. data of fixed cost
2. cost driver of data
3. pool of data
4. cost object of data

MCQ 593: An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called:

1. unadjusted budget rate approach
2. adjusted allocation rate approach
3. unadjusted allocation rate approach
4. adjusted budget rate approach

MCQ 594: Companies that are part of an industry of 'service providers' are:

1. manufacturing sector companies
2. merchandising sector companies
3. service sector companies
4. raw material companies

MCQ 595: The relationship between independent variable and dependent variable must be:

1. general ledger
2. non-achievable
3. non measureable
4. economically plausible