Accounting MCQs — Test 33
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Question 1
If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be _____________?
Question 2
The determined price at which the company expects to pay for every single unit is called ___________?
Question 3
In the budget hierarchy, the material handling cost is ___________?
Question 4
Static budget variance for operating income is added in to static budget amount to calculate __________?
Question 5
If the price variance is $30 and the budgeted input price is $80, then an actual price would be _____________?
Question 6
If the price variance is $20 and the budgeted input price is $70, then an actual price will be ____________?
Question 7
If the input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under ____________?
Question 8
If the budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be __________?
Question 9
The master budget, which is based on the planned output level at the start of budget period is considered as ____________?
Question 10
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 __________?