A. revenue variance
B. cost variance
C. favorable variance
D. unfavorable variance
Correct Answer: favorable variance ✔
Last Updated: May 11, 2023
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 __________?
- 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 __________?
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- If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be __________?
- 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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- The level of used input to achieve a determined level of output is termed as __________?
- The point at which the control functions and the planning of management come together is known as __________?
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- The degree which predetermines target or income achieved, can be grouped under __________?
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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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