Degree which predetermines target or income achieved, can be grouped under
A. growth evaluation
B. performance evaluation
C. efficiency
D. effectiveness
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If budgeted input price is 50 , p r i ce v a r ian ce i s 30 then an actual price will be
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Quantity of input which is carefully determined is called
A. output unit
B. input unit
C. standard input
D. standard output
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If actual cost is 356000 an df l e x ib l e b u d g e t cos t i s 255000, then flexible budget variance will be
A. $104,000
B. $103,000
C. $101,000
D. $102,000
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Variance is stated difference between expected performance and the
A. revenue planning
B. actual results
C. marketing results
D. cost planning
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A costing system, which focuses on individual activities as particular cost object is classified as
A. activity based costing
B. improved costing
C. learned improvements
D. positive effectiveness
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Difference between actual input variance and budgeted input variance is called
A. price variance
B. actual output price
C. budgeted output price
D. actual selling price
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An efficiency variance is 200 units and actual input quantity is 500 units, then budgeted input quantity will be
A. 300 units
B. 700 units
C. 800 units
D. 500 units
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Performance is evaluated only on basis of price variance, if performance evaluation is
A. positive
B. negative
C. zero
D. one
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Budget which is planned around a single output level is called
A. marketing budget
B. methodological budget
C. static budget
D. varied budget
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Actual price of material is less than budgeted price, this means that
A. price variance is favourable
B. price variance is unfavourable
C. cost variance is favourable
D. cost variance is unfavourable
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An actual rate paid to labour is greater than budgeted rate, it means that the
A. cost is unfavourable
B. variance is unfavourable
C. variance is favourable
D. cost is favourable
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If flexible budget variance is 95000 an d ana c t u a l cos t i s 40000, then flexible budget cost would be
A. $135,000
B. $45,000
C. $50,000
D. $55,000
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If a company uses large quantity of input than budgeted quantity for output level, then company is known to be
A. variable growth of company
B. constant growth of company
C. company is inefficient
D. company is efficient
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In cost accounting, goal of variance analysis is to
A. understand variance reason
B. improve future performance
C. learning of improvement
D. all of above
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In management control, an efficiency variance is also referred as
A. control variance
B. uncontrolled variance
C. usage variance
D. effective variance
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If an efficiency variance is 200 units and actual input quantity is 750 units, then budgeted input quantity will be
A. 275 units
B. 125 units
C. 550 units
D. 650 units
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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
A. $23,800
B. $11,200
C. $12,200
D. $13,200
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Budgeted input quantity is added in to efficiency variance to calculate
A. actual input quantity
B. actual output quantity
C. actual input price
D. actual output price
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Static budget amount is subtracted from actual result to calculate
A. static budget receipts
B. static budget deviation
C. static budget variance
D. multiple budget variance
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