Match the following.
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
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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