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

Related Mcqs:

1. 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

2. 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

3. 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

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. 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

6. 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

7. If an efficiency variance is 200 units and the actual input quantity is 750 units, then the budgeted input quantity will be ___________?

   A. 275 units
   B. 125 units
   C. 550 units
   D. 650 units

8. An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be ___________?

   A. 275 units
   B. 250 units
   C. 150 units
   D. 650 units

9. 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

10. If an actual input price is $70 and the budgeted input price is $40, then the price variance will be ____________?

    A. $120
    B. $50
    C. $110
    D. $30