A. cost variance is favorable
B. cost variance is unfavorable
C. price variance is favorable
D. price variance is unfavorable
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Related Mcqs:
- 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 - The fixed budgeted manufacturing cost is $45000 and the budgeted production units are 900, then budgeted fixed manufacturing cost per unit will be ____________?
A. $200
B. $150
C. $50
D. $100 - If the actual price input is $500, the budgeted price of input is $300 and the actual quantity of input is 50 units, then the price variance would be __________?
A. $4,000
B. $6,000
C. $8,000
D. $10,000 - 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 - 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 - 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 - 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 - An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate _____________?
A. profit variance
B. investment variance
C. cost variance
D. selling price variance - 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 - If the price variance is $20 and the budgeted input price is $70, then an actual price will be ____________?
A. $90
B. $50
C. −$50
D. $100
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