Direct Cost Variances and Management Control
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- 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
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Explanation
The static budget variance is calculated by subtracting the static budget amount from the actual result: $250,000 - $150,000 = $100,000. Therefore, the variance is $100,000.
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?
- 6.In management control, what serves as the benchmark for evaluating actual performance?
- 7.Given that the actual cost incurred is $265,000 and the flexible budget cost is $156,000, what is the flexible budget variance?
- 8.What is another term for an unfavorable variance in a static budget?
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