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Price and Efficiency Variance Quizzes Online MCQs PDF Download eBook - 134

Price and Efficiency Variance quiz questions, price and efficiency variance multiple choice questions and answers PDF 134 to learn accounting course for online certification. Practice "Direct Cost Variances and Management Control" quiz with answers, price and efficiency variance Multiple Choice Questions (MCQ) for online accounting degree. Free price and efficiency variance MCQs, planning of variable and fixed overhead costs, static budget variance, price and efficiency variance test prep for online degrees.

"If an actual input price is $70 and the budgeted input price is $40, then the price variance will be", price and efficiency variance Multiple Choice Questions (MCQ) with choices $50, $120, $110, and $30 for online business administration degree. Learn direct cost variances and management control questions and answers to improve problem solving skills for accredited online schools for business management. Price & Efficiency Variance Video

Price & Efficiency Variance Questions and Answers PDF Download eBook

Price and Efficiency Variance Quiz

MCQ: If an actual input price is $70 and the budgeted input price is $40, then the price variance will be

  1. $120
  2. $50
  3. $110
  4. $30

D

Static Budget Variance Quiz

MCQ: If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be

  1. $2,500
  2. $5,500
  3. $3,500
  4. $2,000

D

Static Budget Variance Quiz

MCQ: If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be

  1. $7,500
  2. $6,500
  3. $1,000
  4. $10,000

C

Planning of Variable and Fixed Overhead Costs Quiz

MCQ: The budget, which highlights the difference between actual quantity and budgeted quantity is termed as

  1. actual cost budget
  2. flexible budget variance
  3. inflexible budget
  4. hourly budget

B

Breakeven Point and Target Income Quiz

MCQ: If the fixed cost is $10000, the target operating income is $8000 and the contribution margin per unit is $900, then required units to be sold will be

  1. 45 units
  2. 30 units
  3. 20 units
  4. 52 units

C