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# Data Collection and Adjustment Issues Quiz Questions and Answers PDF

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## Data Collection & Adjustment Issues Questions and Answers : Quiz 1

MCQ 1:

The relationship between cost and cost drivers is

1. stationary
2. not stationary
3. intrinsic
4. extrinsic
MCQ 2:

If the actual price input is \$700, the budgeted price of input is \$400 and the actual quantity of input are 50 units, then the price variance will be

1. \$15,000
2. \$13,000
3. \$11,000
4. \$9,000
MCQ 3:

The production volume variance is also called

1. denominator level variance
2. numerator level variance
3. price level variance
4. cost level variance
MCQ 4:

In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as

1. resourcing
2. value acquiring
3. production
4. value acquaintance
MCQ 5:

Which of the following is an example of purchasing costs?

1. incoming freight
2. storage costs
3. insurance
4. spoilage

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