Management Accounting - Study Mode

[#226] If input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under
Correct Answer

(B) greater efficiency

Explanation

Solution: If input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under greater efficiency. Greater Efficiency Means Greater Success.

[#227] If static budget variance is $46000 and static budget amount is $15000, then an actual result would be
Correct Answer

(D) $31,000

Explanation

Solution: Actual result = Static budget variance - Static budget amount = $46000 - $15000 = $31,000.

[#228] If budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be
Correct Answer

(B) 450 units

Explanation

Solution: Actual input quantity = Budgeted input quantity + Efficiency variance = 350 + 100 = 450 units.

[#229] If budgeted input price is $80 and price variance is $40, then an actual price will be
Correct Answer

(B) $120

Explanation

Solution: Actual price = Budgeted input price + Price variance = $80 + $40 = $120.

[#230] If price variance is $20 and budgeted input price is $70, then an actual price will be
Correct Answer

(A) $90

Explanation

Solution: Actual price = Budgeted input price + Price variance = $70 + $20 = $90.