Accounting MCQs — Test 32
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Question 1
If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be ____________?
Question 2
If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be ____________?
Question 3
An efficiency variance is subtracted from actual input quantity to calculate ___________?
Question 4
The difference between an actual budget and the corresponding amount in static budget is classified as ___________?
Question 5
The flexible budget variance is subtracted from actual cost to calculate ___________?
Question 6
The level of used input to achieve a determined level of output is termed as ____________?
Question 7
The static budget amount is subtracted from the actual result to calculate ______________?
Question 8
The point at which the control functions and the planning of management come together is known as ______________?
Question 9
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 ___________?
Question 10
In cost accounting, the goal of variance analysis is to ___________?