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# Price and Efficiency Variance Quiz PDF: Questions and Answers - 95

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The Quiz: In cost accounting, the goal of variance analysis is to; "Price & Efficiency Variance" App Download (Android & iOS) Free with answers improve future performance, understand variance reason, learning of improvement for online graduate programs. Practice direct cost variances and management control questions and answers, Google eBook to download free sample for BA in business administration.

## Price & Efficiency Variance Questions and Answers : Quiz 95

MCQ 471: In cost accounting, the goal of variance analysis is to

A) understand variance reason
B) improve future performance
C) learning of improvement
D) all of above

MCQ 472: If the contribution margin per unit is \$1000 and the contribution margin percentage is 25%, then the selling price would be

A) \$2,500
B) \$4,000
C) \$3,800
D) \$3,800

MCQ 473: If an actual indirect cost incur is \$35000 and the indirect cost allocated is \$43000, then the under allocated indirect cost will be

A) \$78,000
B) −\$78000
C) −\$8000
D) \$8,000

MCQ 474: In activity based costing system, the description of activity can be classified as

A) activity list
B) activity dictionary
C) active purpose
D) both a and b

MCQ 475: The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as

A) step down allocation method
B) stand-alone revenue allocation method
C) incremental revenue allocation method
D) revenue mix allocation method

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