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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When calculating variable direct cost input, dividing one unit of standard input by the standard cost per output unit yields what value?
Multiple choice question for Direct Cost Variances and Management Control. Select an option, then review the explanation below.
Explanation
The correct answer is A: standard price for each input unit. This is derived by dividing one unit of standard input by the standard cost per output unit, which gives the standard price assigned to each input unit. Other options refer to costs or prices associated with output units or input costs, which do not match this calculation.
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?