Accounting Multiple Choice Question – 2 September 2022

A business operates a standard costing system.

At the end of the year the hourly rate paid to workers and the production per worker are less than budgeted.

A greater amount of lower priced materials than budgeted has been used.

What is the correct combination of variances?

Select ONE answer:

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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