Question

If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input are 50 units, then the price variance will be

a.

$15,000

b.

$13,000

c.

$11,000

d.

$9,000

Answer: (a).$15,000

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input are 50 units, then the price variance will be

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. If the actual input price is $150 and the budgeted input price is $80, then the price variance will be

Q. The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate

Q. The consideration of decreased operating income relative to budgeted amount, in static budget is classified as

Q. If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be

Q. An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be

Q. The degree which predetermines target or income achieved, can be grouped under

Q. If the budgeted input price is $50, the price variance is $30 then an actual price will be

Q. The quantity of input which is carefully determined is called

Q. If the actual cost is $356000 and the flexible budget cost is $255000, then the flexible budget variance will be

Q. The variance is the stated difference between expected performance and the

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

Q. The difference between actual input variance and the budgeted input variance is called

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

Q. The performance is evaluated only on the basis of price variance, if the performance evaluation is

Q. The budget which is planned around a single output level is called

Q. The actual price of material is less than budgeted price, this means that

Q. An actual rate paid to labor is greater than the budgeted rate, it means that the

Q. If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be

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

Q. In cost accounting, the goal of variance analysis is to

Recommended Subjects

Are you eager to expand your knowledge beyond Cost Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!