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Management · all questions

Management Accounting
practice.

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Degree which predetermines target or income achieved, can be grouped under

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If budgeted input price is 30 then an actual price will be

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Quantity of input which is carefully determined is called

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If actual cost is 255000, then flexible budget variance will be

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Variance is stated difference between expected performance and the

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A costing system, which focuses on individual activities as particular cost object is classified as

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Difference between actual input variance and budgeted input variance is called

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An efficiency variance is 200 units and actual input quantity is 500 units, then budgeted input quantity will be

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Performance is evaluated only on basis of price variance, if performance evaluation is

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Budget which is planned around a single output level is called

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Actual price of material is less than budgeted price, this means that

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An actual rate paid to labour is greater than budgeted rate, it means that the

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If flexible budget variance is 40000, then flexible budget cost would be

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If a company uses large quantity of input than budgeted quantity for output level, then company is known to be

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In cost accounting, goal of variance analysis is to

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In management control, an efficiency variance is also referred as

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If an efficiency variance is 200 units and actual input quantity is 750 units, then budgeted input quantity will be

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If budgeted price of input is $70, actual quantity of input is 250 units and allowed budgeted quantity of input is 90 units, then efficiency variance will be

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Budgeted input quantity is added in to efficiency variance to calculate

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Static budget amount is subtracted from actual result to calculate

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