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Fixed Overhead Cost Variances MCQ with Answers PDF

Solve Fixed Overhead Cost Variances Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career test for online courses. Practice flexible budget: overhead cost variance Multiple Choice Questions and Answers (MCQs), Fixed Overhead Cost Variances quiz questions and answers for online college courses for business management. "Fixed Overhead Cost Variances MCQ" PDF Download: variable and fixed overhead costs, cost variance analysis and activity based costing test prep for online business degree.

"If an actual cost incurred is $627500, the flexible budget amount is $358750, then fixed overhead variance of flexible-budget will be" Multiple Choice Questions (MCQ) on fixed overhead cost variances with choices $218,750, $238,750, $258,750, and $268,750 for online college courses for business management. Learn fixed overhead cost variances quiz questions for merit scholarship test and certificate programs for online business administration school.

MCQs on Fixed Overhead Cost Variances

1.

If an actual cost incurred is $627500, the flexible budget amount is $358750, then fixed overhead variance of flexible-budget will be

$218,750
$238,750
$258,750
$268,750

2.

The lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all the factors of

favorable price variance
unfavorable price variance
favorable spending variance
unfavorable spending variance

3.

The higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all the factors of

favorable spending variance
unfavorable spending variance
favorable price variance
unfavorable price variance

4.

If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be

$518,750
$418,750
$218,750
$318,750

5.

If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be

$61,500
$31,500
$41,500
$51,500
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