The point at which the control functions and the planning of management come together is known as ______________?
A. functioning B. variance C. variation D. deviation
Accounting MCQs with Answers
The level of used input to achieve a determined level of output is termed as ____________?
A. efficiency B. effectiveness C. growth evaluation D. performance evaluation
The flexible budget variance is subtracted from actual cost to calculate ___________?
A. flexible budget cost B. flexible investment cost C. static budget cost D. static variable cost
An efficiency variance is subtracted from actual input quantity to calculate ___________?
A. actual quantity manufactured B. budgeted quantity manufactures C. budgeted quantity sold D. budgeted input quantity
The difference between an actual budget and the corresponding amount in static budget is classified as ___________?
A. correspondent budget B. full budget variance C. methodology variance D. static budget variance
If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be ____________?
A. $75,000 B. $25,000 C. $35,000 D. $45,000
If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be ____________?
A. $400,000 B. $500,000 C. $100,000 D. $600,000
The price variance for direct manufacturing labor is referred as ___________?
A. direct variance B. rate variance C. labor variance D. manufacturing variance
If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be ___________?
A. $80,000 B. $71,000 C. $61,000 D. $31,000
If the budgeted input price is $80 and the price variance is $40, then an actual price will be ___________?
A. $20 B. $120 C. $40 D. $60