An unfavorable variance in static budget is also known as _________?
A. favorable variance B. adverse variance C. adverse standard deviation D. unfavorable variance
Accounting MCQs with Answers
If the actual cost is $265000 and the flexible budget cost is $156000, then the flexible budget variance will be ___________?
A. $409,000 B. $109,000 C. $209,000 D. $309,000
In management control, the point of reference for making the comparisons of performance is ___________?
A. focused performance B. merchandise performance C. distribution performance D. expected performance
If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?
A. less than zero B. equal to zero C. favorable D. unfavorable
An expected performance of the company is also known as ____________?
A. price requirements B. supply requirements C. budgeted performance D. demand requirements
If the actual result is $65000 and the static budget variance is $35000, then the static budget amount will be _____________?
A. $30,000 B. $100,000 C. $200,000 D. $30,000
If an actual price of material is $700 and the budgeted price is $900, then the ___________?
A. cost variance is favorable B. cost variance is unfavorable C. price variance is favorable D. price variance is unfavorable
In costing and budgeting hierarchy, an example of product sustaining cost is __________?
A. initial offering cost B. batch marketing cost C. product marketing cost D. product design cost
If the total units of product A, B and C are as 200,300 and 400 respectively then the sales mix would be __________?
A. 100 units B. 900 units C. 400 units D. 500 units
If the budgeted revenue is $20000 and the breakeven revenue is $15000, then the margin of safety will be __________?
A. $35,000 B. $13,000 C. $5,000 D. $10,000