A. cost variance is favorable
B. cost variance is unfavorable
C. price variance is favorable
D. price variance is unfavorable
Correct Answer: price variance is favorable ✔
Last Updated: May 11, 2023
Related MCQs
- In costing and budgeting hierarchy, an example of product sustaining cost is __________?
- If the actual result is $65000 and the static budget variance is $35000, then the static budget amount will be __________?
- An expected performance of the company is also known as __________?
- If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?
- In management control, the point of reference for making the comparisons of performance is __________?
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- The price variance for direct manufacturing labor is referred as __________?
- If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be __________?
- If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be __________?
- The difference between an actual budget and the corresponding amount in static budget is classified as __________?
- An efficiency variance is subtracted from actual input quantity to calculate __________?
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- If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be __________?
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- The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate __________?
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