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Management · Q159

Management Accounting

Graduate and Post Graduate · Management · question 159

Q159

Budgeted input quantity is added in to efficiency variance to calculate

A.
actual input quantity
Answer
B.
actual output quantity
C.
actual input price
D.
actual output price

Answer: Option A

Solution

Answer: Option A
Solution:
Budgeted input quantity is added in to efficiency variance to calculate actual input quantity. AQ means the “actual quantity” of input used to produce the output.