Price and Efficiency Variance MCQ (Multiple Choice Questions) PDF - 134

MCQ 666: 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

MCQ 667: 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

MCQ 668: 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

MCQ 669: 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

MCQ 670: 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