Accounting Medium If the budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be __________? A 250 units ✓ B 450 units ✓ C 550 units ✓ D 650 units ✓ AK Ali Khan 4 months ago
Accounting Medium If the price variance is $20 and the budgeted input price is $70, then an actual price will be ____________? A $90 ✓ B $50 ✓ C −$50 ✓ D $100 ✓ AK Ali Khan 4 months ago
Accounting Medium If the price variance is $30 and the budgeted input price is $80, then an actual price would be _____________? A −$110 ✓ B −$50 ✓ C $110 ✓ D $50 ✓ AK Ali Khan 4 months ago
Accounting Medium Static budget variance for operating income is added in to static budget amount to calculate __________? A actual result ✓ B expected results ✓ C expected cost ✓ D expected revenue ✓ AK Ali Khan 4 months ago
Accounting Medium In the budget hierarchy, the material handling cost is ___________? A fixed manufacturing cost ✓ B batch level cost ✓ C per unit cost ✓ D factory overall cost ✓ AK Ali Khan 4 months ago
Accounting Medium The determined price at which the company expects to pay for every single unit is called ___________? A standard price ✓ B input price ✓ C actual input ✓ D output price ✓ AK Ali Khan 4 months ago
Accounting Medium The consideration of increased operating income relative to budgeted amount is classified as ____________? A favorable variance ✓ B unfavorable variance ✓ C revenue variance ✓ D cost variance ✓ AK Ali Khan 4 months ago
Accounting Medium If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be _____________? A $36,000 ✓ B $60,000 ✓ C $26,000 ✓ D $50,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance will be ____________? A 600 units ✓ B 200 units ✓ C 400 units ✓ D 500 units ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago