Q.1
Point at which control functions and planning of management come together is known as
Q.2
Difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate
Q.3
In management control, an efficiency variance is also referred as
Q.4
If an efficiency variance is 200 units and actual input quantity is 750 units, then budgeted input quantity will be
Q.5
An expected performance of company is also known as
Q.6
If price variance is $30 and budgeted input price is $80, then an actual price would be
Q.7
If static budget variance is $46000 and static budget amount is $15000, then an actual result would be
Q.8
If actual price input is $500, budgeted price of input is $300 and actual quantity of input is 50 units, then price variance would be
Q.9
Actual price of material is less than budgeted price, this means that
Q.10
An actual rate paid to labour is greater than budgeted rate, it means that the
Q.11
Flexible budget variance is subtracted from actual cost to calculate
Q.12
An efficiency variance is subtracted from actual input quantity to calculate
Q.13
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
Q.14
Budgeted input quantity is added in to efficiency variance to calculate
Q.15
If flexible budget variance is $95000 and an actual cost is $40000, then flexible budget cost would be
Q.16
If a company uses large quantity of input than budgeted quantity for output level, then company is known to be
Q.17
Static budget amount is subtracted from actual result to calculate
Q.18
In cost accounting, goal of variance analysis is to
Q.19
A costing system, which focuses on individual activities as particular cost object is classified as
Q.20
Gross margin is added to cost of sold goods to calculate
Q.21
Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as
Q.22
If fixed cost is $30000 and contribution margin per unit is $600 per unit, then breakeven in units will be
Q.23
If contribution margin per unit is $500 and contribution margin percentage is 25%, then selling price will be
Q.24
If contribution margin percentage is 20% and selling price is $4000, then contribution margin per unit will be
Q.25
Difference between actual input variance and budgeted input variance is called
Q.26
An efficiency variance is 200 units and actual input quantity is 500 units, then budgeted input quantity will be
Q.27
Performance is evaluated only on basis of price variance, if performance evaluation is
Q.28
Fixed cost is divided by break-even revenues to calculate
Q.29
If gross margin is $2000 and revenue is $5000, then cost of goods sold would be
Q.30
Fixed cost is added to target operating income and then divided to contribute margin per unit to calculate
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