If budgeted input price is $80 and price variance is $40, then an actual price will be
A. $20
B. $120
C. $40
D. $60
Answer: Option B
Solution(By Examveda Team)
Actual price = Budgeted input price + Price variance= $80 + $40 = $120.
This Question Belongs to Management >> Management Accounting
Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
Join The Discussion