A. understand variance reason
B. improve future performance
C. learning of improvement
D. all of above
Related Mcqs:
- In cost accounting, the conference, quantitative analysis and account analysis methods are considered as __________?
A. cost estimation methods
B. price estimation methods
C. unit estimation method
D. variable estimation method - A desire to achieve a particular goal with pursuit of that goal is called _____________?
A. motivation
B. goal congruence
C. effort
D. autonomy - In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?
A. sales margin
B. cost margin
C. Gross margin
D. income margin - An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?
A. external accounting
B. internal accounting
C. business accounting
D. financial accounting - In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method - If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be ___________?
A. $40,000
B. $50,000
C. $150,000
D. $170,000 - 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 - The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?
A. conference method
B. inference method
C. pricing method
D. manufacturing method - In overhead cost variance analysis, the fixed overhead does not include ______________?
A. efficiency variance
B. unfavorable variance
C. production volume variance
D. favorable variance - In overhead cost variance analysis, the variable overhead does not include _____________?
A. favorable volume variance
B. profit volume variance
C. cost volume variance
D. production volume variance
