Accounting MCQs

1590 MCQs  (Page 94 of 159)

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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
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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
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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
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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
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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
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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
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The static budget amount is subtracted from the actual result to calculate ______________?
A. Static budget receipts
B. Static budget deviation
C. Static budget variance
D. Multiple budget variance
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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
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If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be ___________?
A. $23,800
B. $11,200
C. $12,200
D. $13,200
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In cost accounting, the goal of variance analysis is to ___________?
A. Understand variance reason
B. Improve future performance
C. Learning of improvement
D. All of above
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Word of the Day
18 Jul
Proactive
(of a person or action) creating or controlling a situation rather than just responding to it after it has happened.
فعال، پیش قدمی کے ذریعے صورتحال پر قابو پانیوالا

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