Price and Efficiency Variance Multiple Choice Questions (MCQ) PDF - 164

MCQ 816: If the price variance is $20 and the budgeted input price is $70, then an actual price will be

1. $90
2. $50
3. −$50
4. $100

MCQ 817: An arrangement of line of authority within the company is classified as

1. company structure
2. organization structure
3. line of authority
4. line of responsibility

MCQ 818: An unfavorable variance in static budget is also known as

1. favorable variance
2. adverse variance
3. adverse standard deviation
4. unfavorable variance

MCQ 819: The after-tax average cost of the funds used by company in long run is equal to

1. weighted average cost of capital
2. economic value added
3. after-tax operating income
4. net income

MCQ 820: If the difference between costs linked to highest and lowest observation of cost driver is $27000 and observation of cost driver is 90 machine hours, then slope coefficient would be

1. $800
2. $400
3. $300
4. $600