The process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as __________?
A. revenue allocation B. revenue object C. revenue increment D. reciprocal revenue
Accounting MCQs with Answers
An actual rate paid to labor is greater than the budgeted rate, it means that the ____________?
A. cost is unfavorable B. variance is unfavorable C. variance is favorable D. cost is favorable
If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be __________?
A. variable growth of company B. constant growth of company C. company is inefficient D. company is efficient
If an efficiency variance is 200 units and the actual input quantity is 750 units, then the budgeted input quantity will be ___________?
A. 275 units B. 125 units C. 550 units D. 650 units
The budgeted input quantity is added in to efficiency variance to calculate _____________?
A. actual input quantity B. actual output quantity C. actual input price D. actual output price
The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate ___________?
A. efficiency deviation B. efficiency variance C. budgeted variance D. usage variance
An actual cost is subtracted from flexible budget cost to calculate ____________?
A. positive cost variance B. negative cost variance C. flexible budget variance D. flexible cost variance
If an actual input price is $70 and the budgeted input price is $40, then the price variance will be ____________?
A. $120 B. $50 C. $110 D. $30
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 __________?
A. $4,000 B. $6,000 C. $8,000 D. $10,000