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

If actual price input is $700, budgeted price of input is $400 and actual quantity of input is 50 units, then price variance will be Correct Answer $15,000

Price variance = (actual price input - budgeted price of input) × actual quantity of input
= ($700 - $400) × 50 = $15,000.
Bissoy MCQ

Related Questions

If budgeted price of input is $70, actual quantity of input is 250 units and allowed budgeted quantity of input is 90 units, then efficiency variance will be
"S produces and sells one product, P, for which the data are as follows:
Selling price Rs 28
Variable cost Rs 16
Fixed cost Rs 4
The fixed costs are based on a budgeted production and sales level of 25,000 units for the next period. Due to market changes both the selling price and the variable cost are expected to increase above the budgeted level in the next period. If the selling price and variable cost per unit increase by 10% and 8% respectively, by how much must sales volume change, compared with the original budgeted level, in order to achieve the original budgeted profit for the period?"
Budgeted sales of X for March are 18000 units. At the end of the production process for X, 10% of production units are scrapped as defective. Opening inventories of X for March are budgeted to be 15000 units and closing inventories will be 11,400 units. All inventories of finished goods must have successfully passed the quality control check. The production budget for X for March, in units is:
If actual price input is $500, budgeted price of input is $300 and actual quantity of input is 50 units, then price variance would be
An actual input quantity is 200 units and budgeted input quantity is 50 units, then efficiency variance will be
An efficiency variance is 200 units and actual input quantity is 500 units, then budgeted input quantity will be
If an efficiency variance is 200 units and actual input quantity is 750 units, then budgeted input quantity will be
If actual input quantity is 300 units and budgeted input quantity is 100 units, then efficiency variance will be
If budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be
If budgeted annual indirect cost is $850000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be