If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance will be ____________?
A. 600 units B. 200 units C. 400 units D. 500 units
Accounting MCQs with Answers
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 ___________?
A. $15,000 B. $13,000 C. $11,000 D. $9,000
If the actual input price is $150 and the budgeted input price is $80, then the price variance will be ___________?
A. $130 B. $70 C. $150 D. $80
The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate ___________?
A. standard price per input unit B. standard price per output unit C. standard cost per input unit D. standard cost per output unit
The consideration of decreased operating income relative to budgeted amount, in static budget is classified as ____________?
A. revenue variance B. cost variance C. favorable variance D. unfavorable variance
If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be ___________?
A. $40,000 B. $50,000 C. $150,000 D. $170,000
An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be ___________?
A. 275 units B. 250 units C. 150 units D. 650 units
The degree which predetermines target or income achieved, can be grouped under __________?
A. growth evaluation B. performance evaluation C. efficiency D. effectiveness
The quantity of input which is carefully determined is called ___________?
A. output unit B. input unit C. standard input D. standard output
The variance is the stated difference between expected performance and the ___________?
A. revenue planning B. actual results C. marketing results D. cost planning