| List-I (Variances) | List-II (Causes) |
| a. Overhead efficiency variance | 1. Power failure |
| b. Overhead volume variance | 2. Appointing low grade employees |
| c. Labour idle time variance | 3. Poor working condition |
| d. Labour efficiency variance | 4. Working days being more or less than budgeted |
A. a-4, b-3, c-2, d-1
B. a-3, b-4, c-1, d-2
C. a-3, b-1, c-4, d-2
D. a-2, b-1, c-4, d-3
Answer: Option B
This Question Belongs to Management >> 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
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