Use of Variances MCQ (Multiple Choice Questions) PDF Download

The consideration of decreased operating income relative to budgeted amount, in static budget is classified as

1. revenue variance
2. cost variance
3. favorable variance
4. unfavorable variance

The variance is the stated difference between expected performance and the

1. revenue planning
2. actual results
3. marketing results
4. cost planning

The budget which is planned around a single output level is called

1. marketing budget
2. methodological budget
3. static budget
4. varied budget

The static budget amount is subtracted from the actual result to calculate

1. static budget receipts
2. static budget deviation
3. static budget variance
4. multiple budget variance

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