Accounting MCQs

1590 MCQs  (Page 95 of 159)

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In management control, an efficiency variance is also referred as __________?
A. Control variance
B. Uncontrolled variance
C. Usage variance
D. Effective variance
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The actual price of material is less than budgeted price, this means that _________?
A. Price variance is favorable
B. Price variance is unfavorable
C. Cost variance is favorable
D. Cost variance is unfavorable
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If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be __________?
A. $135,000
B. $45,000
C. $50,000
D. $55,000
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The performance is evaluated only on the basis of price variance, if the performance evaluation is __________?
A. Positive
B. Negative
C. Zero
D. One
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The budget which is planned around a single output level is called _________?
A. Marketing budget
B. Methodological budget
C. Static budget
D. Varied budget
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The difference between actual input variance and the budgeted input variance is called __________?
A. Price variance
B. Actual output price
C. Budgeted output price
D. Actual selling price
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An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?
A. 300 units
B. 700 units
C. 800 units
D. 500 units
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A costing system, which focuses on individual activities as the particular cost object is classified as __________?
A. Activity based costing
B. Improved costing
C. Learned improvements
D. Positive effectiveness
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If the budgeted input price is $50, the price variance is $30 then an actual price will be ___________?
A. $100
B. $20
C. $80
D. $60
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The variance is the stated difference between expected performance and the ___________?
A. Revenue planning
B. Actual results
C. Marketing results
D. Cost planning
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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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