**Option A:** initial offering cost

**Option B:** batch marketing cost

**Option C:** product marketing cost

**Option D:** product design cost

**Correct Answer: **product design cost ✔

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**Option A:** cost variance is favorable

**Option B:** cost variance is unfavorable

**Option C:** price variance is favorable

**Option D:** price variance is unfavorable

**Correct Answer: **price variance is favorable ✔

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**Option A:** $30,000

**Option B:** $100,000

**Option C:** $200,000

**Option D:** $30,000

**Correct Answer: **$30,000 ✔

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**Option A:** price requirements

**Option B:** supply requirements

**Option C:** budgeted performance

**Option D:** demand requirements

**Correct Answer: **budgeted performance ✔

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**Option A:** less than zero

**Option B:** equal to zero

**Option C:** favorable

**Option D:** unfavorable

**Correct Answer: **favorable ✔

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**Option A:** focused performance

**Option B:** merchandise performance

**Option C:** distribution performance

**Option D:** expected performance

**Correct Answer: **expected performance ✔

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**Option A:** $409,000

**Option B:** $109,000

**Option C:** $209,000

**Option D:** $309,000

**Correct Answer: **$109,000 ✔

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**Option A:** favorable variance

**Option B:** adverse variance

**Option C:** adverse standard deviation

**Option D:** unfavorable variance

**Correct Answer: **adverse variance ✔

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**Option A:** $20

**Option B:** $120

**Option C:** $40

**Option D:** $60

**Correct Answer: **$120 ✔

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**Option A:** $80,000

**Option B:** $71,000

**Option C:** $61,000

**Option D:** $31,000

**Correct Answer: **$31,000 ✔

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**Option A:** direct variance

**Option B:** rate variance

**Option C:** labor variance

**Option D:** manufacturing variance

**Correct Answer: **rate variance ✔

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**Option A:** $400,000

**Option B:** $500,000

**Option C:** $100,000

**Option D:** $600,000

**Correct Answer: **$100,000 ✔

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**Option A:** $75,000

**Option B:** $25,000

**Option C:** $35,000

**Option D:** $45,000

**Correct Answer: **$25,000 ✔

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**Option A:** correspondent budget

**Option B:** full budget variance

**Option C:** methodology variance

**Option D:** static budget variance

**Correct Answer: **static budget variance ✔

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**Option A:** actual quantity manufactured

**Option B:** budgeted quantity manufactures

**Option C:** budgeted quantity sold

**Option D:** budgeted input quantity

**Correct Answer: **budgeted input quantity ✔

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**Option A:** flexible budget cost

**Option B:** flexible investment cost

**Option C:** static budget cost

**Option D:** static variable cost

**Correct Answer: **flexible budget cost ✔

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**Option A:** efficiency

**Option B:** effectiveness

**Option C:** growth evaluation

**Option D:** performance evaluation

**Correct Answer: **efficiency ✔

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**Option A:** functioning

**Option B:** variance

**Option C:** variation

**Option D:** deviation

**Correct Answer: **variance ✔

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**Option A:** static budget receipts

**Option B:** static budget deviation

**Option C:** static budget variance

**Option D:** multiple budget variance

**Correct Answer: **static budget variance ✔

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**Option A:** $23,800

**Option B:** $11,200

**Option C:** $12,200

**Option D:** $13,200

**Correct Answer: **$11,200 ✔

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**Option A:** control variance

**Option B:** uncontrolled variance

**Option C:** usage variance

**Option D:** effective variance

**Correct Answer: **usage variance ✔

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**Option A:** understand variance reason

**Option B:** improve future performance

**Option C:** learning of improvement

**Option D:** all of above

**Correct Answer: **all of above ✔

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**Option A:** $135,000

**Option B:** $45,000

**Option C:** $50,000

**Option D:** $55,000

**Correct Answer: **$55,000 ✔

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**Option A:** price variance is favorable

**Option B:** price variance is unfavorable

**Option C:** cost variance is favorable

**Option D:** cost variance is unfavorable

**Correct Answer: **price variance is favorable ✔

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**Option A:** marketing budget

**Option B:** methodological budget

**Option C:** static budget

**Option D:** varied budget

**Correct Answer: **static budget ✔

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**Option A:** positive

**Option B:** negative

**Option C:** zero

**Option D:** one

**Correct Answer: **positive ✔

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**Option A:** 300 units

**Option B:** 700 units

**Option C:** 800 units

**Option D:** 500 units

**Correct Answer: **300 units ✔

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## The difference between actual input variance and the budgeted input variance is called __________?

**Option A:** price variance

**Option B:** actual output price

**Option C:** budgeted output price

**Option D:** actual selling price

**Correct Answer: **price variance ✔

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**Option A:** activity based costing

**Option B:** improved costing

**Option C:** learned improvements

**Option D:** positive effectiveness

**Correct Answer: **activity based costing ✔

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**Option A:** revenue planning

**Option B:** actual results

**Option C:** marketing results

**Option D:** cost planning

**Correct Answer: **actual results ✔

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**Option A:** $100

**Option B:** $20

**Option C:** $80

**Option D:** $60

**Correct Answer: **$80 ✔

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**Option A:** output unit

**Option B:** input unit

**Option C:** standard input

**Option D:** standard output

**Correct Answer: **standard input ✔

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**Option A:** growth evaluation

**Option B:** performance evaluation

**Option C:** efficiency

**Option D:** effectiveness

**Correct Answer: **effectiveness ✔

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**Option A:** 275 units

**Option B:** 250 units

**Option C:** 150 units

**Option D:** 650 units

**Correct Answer: **150 units ✔

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**Option A:** $40,000

**Option B:** $50,000

**Option C:** $150,000

**Option D:** $170,000

**Correct Answer: **$40,000 ✔

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**Option A:** revenue variance

**Option B:** cost variance

**Option C:** favorable variance

**Option D:** unfavorable variance

**Correct Answer: **favorable variance ✔

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**Option A:** standard price per input unit

**Option B:** standard price per output unit

**Option C:** standard cost per input unit

**Option D:** standard cost per output unit

**Correct Answer: **standard price per input unit ✔

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**Option A:** $130

**Option B:** $70

**Option C:** $150

**Option D:** $80

**Correct Answer: **$70 ✔

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**Option A:** $15,000

**Option B:** $13,000

**Option C:** $11,000

**Option D:** $9,000

**Correct Answer: **$15,000 ✔

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**Option A:** 600 units

**Option B:** 200 units

**Option C:** 400 units

**Option D:** 500 units

**Correct Answer: **200 units ✔

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**Option A:** $36,000

**Option B:** $60,000

**Option C:** $26,000

**Option D:** $50,000

**Correct Answer: **$50,000 ✔

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**Option A:** favorable variance

**Option B:** unfavorable variance

**Option C:** revenue variance

**Option D:** cost variance

**Correct Answer: **favorable variance ✔

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## The determined price at which the company expects to pay for every single unit is called __________?

**Option A:** standard price

**Option B:** input price

**Option C:** actual input

**Option D:** output price

**Correct Answer: **standard price ✔

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**Option A:** fixed manufacturing cost

**Option B:** batch level cost

**Option C:** per unit cost

**Option D:** factory overall cost

**Correct Answer: **batch level cost ✔

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**Option A:** actual result

**Option B:** expected results

**Option C:** expected cost

**Option D:** expected revenue

**Correct Answer: **actual result ✔

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**Option A:** −$110

**Option B:** −$50

**Option C:** $110

**Option D:** $50

**Correct Answer: **$110 ✔

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**Option A:** $90

**Option B:** $50

**Option C:** −$50

**Option D:** $100

**Correct Answer: **$90 ✔

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**Option A:** 250 units

**Option B:** 450 units

**Option C:** 550 units

**Option D:** 650 units

**Correct Answer: **450 units ✔

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**Option A:** lesser effective

**Option B:** greater efficiency

**Option C:** smaller efficiency

**Option D:** greater effective

**Correct Answer: **greater efficiency ✔

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**Option A:** static budget

**Option B:** varied budget

**Option C:** marketing budget

**Option D:** methodological budget

**Correct Answer: **static budget ✔

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**Option A:** $4,000

**Option B:** $6,000

**Option C:** $8,000

**Option D:** $10,000

**Correct Answer: **$10,000 ✔

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**Option A:** $120

**Option B:** $50

**Option C:** $110

**Option D:** $30

**Correct Answer: **$30 ✔

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**Option A:** positive cost variance

**Option B:** negative cost variance

**Option C:** flexible budget variance

**Option D:** flexible cost variance

**Correct Answer: **flexible budget variance ✔

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**Option A:** $4,500

**Option B:** $3,500

**Option C:** $2,500

**Option D:** $1,500

**Correct Answer: **$4,500 ✔

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**Option A:** efficiency deviation

**Option B:** efficiency variance

**Option C:** budgeted variance

**Option D:** usage variance

**Correct Answer: **efficiency variance ✔

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**Option A:** actual input quantity

**Option B:** actual output quantity

**Option C:** actual input price

**Option D:** actual output price

**Correct Answer: **actual input quantity ✔

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**Option A:** 275 units

**Option B:** 125 units

**Option C:** 550 units

**Option D:** 650 units

**Correct Answer: **550 units ✔

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**Option A:** variable growth of company

**Option B:** constant growth of company

**Option C:** company is inefficient

**Option D:** company is efficient

**Correct Answer: **company is inefficient ✔

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**Option A:** cost is unfavorable

**Option B:** variance is unfavorable

**Option C:** variance is favorable

**Option D:** cost is favorable

**Correct Answer: **variance is unfavorable ✔

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**Option A:** revenue allocation

**Option B:** revenue object

**Option C:** revenue increment

**Option D:** reciprocal revenue

**Correct Answer: **revenue allocation ✔

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