A favourable variance will arise when capital revenues are………..than expected.

Related MCQs

• ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value : Month Rs. April 2014 2,50,000 May 2014 2,80,000 June 2014 3,20,000 July 2014 3,50,000 20% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale. The estimated cash receipts in the month of June 2014 are:
• Material Usage Variance=Material Mix Variance +…………..
• Material price variance is the difference between standard and actual prices of materials used multiplied by………………..
• Labour cost variance is the difference between standard cost of labour and………..
• Idle time variance is………….
• Volume variance is divided into……………
• Total Material cost variance =
• Material Price Variance = Actual Usage (……………)
• Material usage variance = standard price(……………….)
• Material mix variance = standard cost of standard mix - ………………..