Direct Cost Variances and Management Control
PPSCFPSCNTSPakistan govt jobs
- Subject
- Direct Cost Variances and Management Controlaccounting-mcqs › cost-accounting-mcqs › direct-cost-variances-and-management-control
- Published
- 9 May 2023
- Last updated
- 28 May 2026
Browse all Direct Cost Variances and Management Control MCQs →
Given a static budget variance of $46,000 and a static budget value of $15,000, what is the actual amount recorded?
Multiple choice question for Direct Cost Variances and Management Control. Select an option, then review the explanation below.
Explanation
To find the actual amount, add the static budget amount ($15,000) to the variance ($46,000), resulting in $31,000.
More Direct Cost Variances and Management Control MCQs
Practice related questions from the same subject.
- 1.Within the hierarchy of costing and budgeting, which of the following represents a product sustaining cost?
- 2.Given that the actual cost of a material is $700 while the planned cost was $900, what type of variance is observed?
- 3.Given that the actual outcome is $65,000 and the static budget variance amounts to $35,000, what is the value of the static budget?
- 4.What term is used to describe the anticipated performance of a company?
- 5.Given that the actual labor cost is $1200 while the planned labor cost is $1000, what is the nature of the labor price variance?