Accounting Medium An unfavorable variance in static budget is also known as _________? A favorable variance ✓ B adverse variance ✓ C adverse standard deviation ✓ D unfavorable variance ✓ AK Ali Khan 4 months ago
Accounting Medium If the actual cost is $265000 and the flexible budget cost is $156000, then the flexible budget variance will be ___________? A $409,000 ✓ B $109,000 ✓ C $209,000 ✓ D $309,000 ✓ AK Ali Khan 4 months ago
Accounting Medium In management control, the point of reference for making the comparisons of performance is ___________? A focused performance ✓ B merchandise performance ✓ C distribution performance ✓ D expected performance ✓ AK Ali Khan 4 months ago
Accounting Medium If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________? A less than zero ✓ B equal to zero ✓ C favorable ✓ D unfavorable ✓ AK Ali Khan 4 months ago
Accounting Medium An expected performance of the company is also known as ____________? A price requirements ✓ B supply requirements ✓ C budgeted performance ✓ D demand requirements ✓ AK Ali Khan 4 months ago
Accounting Medium If the actual result is $65000 and the static budget variance is $35000, then the static budget amount will be _____________? A $30,000 ✓ B $100,000 ✓ C $200,000 ✓ D $30,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If an actual price of material is $700 and the budgeted price is $900, then the ___________? A cost variance is favorable ✓ B cost variance is unfavorable ✓ C price variance is favorable ✓ D price variance is unfavorable ✓ AK Ali Khan 4 months ago
Accounting Medium In costing and budgeting hierarchy, an example of product sustaining cost is __________? A initial offering cost ✓ B batch marketing cost ✓ C product marketing cost ✓ D product design cost ✓ AK Ali Khan 4 months ago
Accounting Medium If the total units of product A, B and C are as 200,300 and 400 respectively then the sales mix would be __________? A 100 units ✓ B 900 units ✓ C 400 units ✓ D 500 units ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted revenue is $20000 and the breakeven revenue is $15000, then the margin of safety will be __________? A $35,000 ✓ B $13,000 ✓ C $5,000 ✓ D $10,000 ✓ AK Ali Khan 4 months ago