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Use of Variances MCQ with Answers PDF

Practice Use of Variances Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with live worksheets for online degrees. Solve direct cost variances and management control Multiple Choice Questions and Answers (MCQs), Use of Variances quiz questions bank for business management classes online. "Use of Variances MCQ" PDF book: efficiency variance in accounting, price and efficiency variance, use of variances test prep for online business management degree programs.

"The consideration of decreased operating income relative to budgeted amount, in static budget is classified as" Multiple Choice Questions (MCQ) on use of variances with choices revenue variance, cost variance, favorable variance, and unfavorable variance for business management classes online. Solve use of variances quiz questions for merit scholarship test and certificate programs for online college courses.

MCQs on Use of Variances

1.

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

revenue variance
cost variance
favorable variance
unfavorable variance

2.

The variance is the stated difference between expected performance and the

revenue planning
actual results
marketing results
cost planning

3.

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

marketing budget
methodological budget
static budget
varied budget

4.

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

static budget receipts
static budget deviation
static budget variance
multiple budget variance

5.

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

$75,000
$25,000
$35,000
$45,000
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