Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate ___________? A standard price per input unit ✓ B standard price per output unit ✓ C standard cost per input unit ✓ D standard cost per output unit ✓ AK Ali Khan 4 months ago
Accounting Medium The consideration of decreased operating income relative to budgeted amount, in static budget is classified as ____________? A revenue variance ✓ B cost variance ✓ C favorable variance ✓ D unfavorable variance ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium The degree which predetermines target or income achieved, can be grouped under __________? A growth evaluation ✓ B performance evaluation ✓ C efficiency ✓ D effectiveness ✓ AK Ali Khan 4 months ago
Accounting Medium The quantity of input which is carefully determined is called ___________? A output unit ✓ B input unit ✓ C standard input ✓ D standard output ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted input price is $50, the price variance is $30 then an actual price will be ___________? A $100 ✓ B $20 ✓ C $80 ✓ D $60 ✓ AK Ali Khan 4 months ago
Accounting Medium The variance is the stated difference between expected performance and the ___________? A revenue planning ✓ B actual results ✓ C marketing results ✓ D cost planning ✓ AK Ali Khan 4 months ago
Accounting Medium A costing system, which focuses on individual activities as the particular cost object is classified as __________? A activity based costing ✓ B improved costing ✓ C learned improvements ✓ D positive effectiveness ✓ AK Ali Khan 4 months ago