The budget, which highlights the difference between actual quantity and budgeted quantity is termed as _____________?

Related Mcqs:

1. Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as ____________?

   A. variable overhead spending variance
   B. fixed overhead spending variance
   C. constant spending variance
   D. potential spending variance

2. The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate ___________?

   A. efficiency deviation
   B. efficiency variance
   C. budgeted variance
   D. usage variance

3. The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________?

   A. fixed overhead efficiency variance
   B. variable overhead efficiency variance
   C. variable overhead manufacturing variance
   D. fixed overhead manufacturing variance

4. If the budgeted price of input is $50, actual quantity of input is 150 units and the allowed budgeted quantity of input is 60 units then efficiency variance will be __________?

   A. $4,500
   B. $3,500
   C. $2,500
   D. $1,500

5. 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

6. The difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called __________?

   A. sales quantity variance
   B. cost mix variance
   C. volume mix variance
   D. sales mix variance

7. The difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called __________?

   A. sales quantity variance
   B. cost mix variance
   C. volume mix variance
   D. sales mix variance

8. The difference between actual variable overhead cost and flexible budget variable overhead amount is termed as __________?

   A. overhead flexible budget variance
   B. overhead fixed budget variance
   C. overhead flexible cost variance
   D. overhead flexible price variance

9. In the static budget, the difference between corresponding budgeted amount and actual result is called __________?

   A. sales mix variance
   B. sales volume variance
   C. flexible budget variance
   D. static budget variance

10. In the static budget, the difference between corresponding budgeted amount and actual result is called ____________?

    A. sales mix variance
    B. sales volume variance
    C. flexible budget variance
    D. static budget variance