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Cost Accounting Mcqs
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Direct Cost Variances and Management Control
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If the price variance is $30 and the budgeted input price is $80, then an actual price would be _____________?
Related MCQs
In costing and budgeting hierarchy, an example of product sustaining cost is __________?
If an actual price of material is $700 and the budgeted price is $900, then the __________?
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If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?
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An unfavorable variance in static budget is also known as _________?
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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 __________?
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If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be __________?
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In cost accounting, the goal of variance analysis is to __________?
If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be __________?
The actual price of material is less than budgeted price, this means that _________?
The budget which is planned around a single output level is called _________?
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An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?
The difference between actual input variance and the budgeted input variance is called __________?
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If the budgeted input price is $50, the price variance is $30 then an actual price will be __________?
The quantity of input which is carefully determined is called __________?
The degree which predetermines target or income achieved, can be grouped under __________?
An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be __________?
If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be __________?
The consideration of decreased operating income relative to budgeted amount, in static budget is classified as __________?
The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate __________?
If the actual input price is $150 and the budgeted input price is $80, then the price variance will be __________?
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 __________?
If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance will be __________?
If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be __________?
The consideration of increased operating income relative to budgeted amount is classified as __________?
The determined price at which the company expects to pay for every single unit is called __________?
In the budget hierarchy, the material handling cost is __________?
Static budget variance for operating income is added in to static budget amount to calculate __________?
If the price variance is $20 and the budgeted input price is $70, then an actual price will be __________?
If the budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be __________?
If the input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under __________?
The master budget, which is based on the planned output level at the start of budget period is considered as __________?
If the actual price input is $500, the budgeted price of input is $300 and the actual quantity of input is 50 units, then the price variance would be __________?
If an actual input price is $70 and the budgeted input price is $40, then the price variance will be __________?
If the price variance is $30 and the budgeted input price is $80, then an actual price would be _____________?
A. −$110
B. −$50
C. $110
D. $50
Correct Answer:
$110
✔
Last Updated:
May 11, 2023