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Use of Variances quiz questions and answers, use of variances MCQs with answers PDF 139 to practice accounting mock tests for online graduate programs. Practice "Direct Cost Variances and Management Control" quiz questions with answers, use of variances Multiple Choice Questions (MCQ) for online accounting degree. Free use of variances MCQs, static budget: cost accounting, price and efficiency variance, variable and fixed overhead costs, breakeven point and target income, use of variances test prep for online business university.

"If an actual result is \$50000 and the static budget variance is \$25000, then the static budget amount will be", use of variances Multiple Choice Questions (MCQ) with choices \$25,000, \$75,000, \$35,000, and \$45,000 for online business and administration degree. Learn direct cost variances and management control questions and answers to improve problem solving skills for online business administration degree. Use of Variances Video

Use of Variances Quiz

MCQ: If an actual result is \$50000 and the static budget variance is \$25000, then the static budget amount will be

1. \$75,000
2. \$25,000
3. \$35,000
4. \$45,000

B

Breakeven Point and Target Income Quiz

MCQ: If the margin of safety is \$25000 and the budgeted revenue is \$45000, then the margin of safety in percentage will be

1. 55.56%
2. 25.50%
3. 28%
4. 45.00%

A

Variable and Fixed Overhead Costs Quiz

MCQ: Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as

3. constant spending variance
4. potential spending variance

A

Price and Efficiency Variance Quiz

MCQ: If the actual price input is \$500, the budgeted price of input is \$300 and the actual quantity of input is 50 units, then the price variance would be

1. \$4,000
2. \$6,000
3. \$8,000
4. \$10,000

D

Static Budget: Cost Accounting Quiz

MCQ: If an actual result is \$250000 and the static budget amount is \$150000, then the static budget variance for operating income will be

1. \$400,000
2. \$500,000
3. \$100,000
4. \$600,000

C