Fixed Overhead Cost Variances MCQ (Multiple Choice Questions) PDF Download

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

1. $218,750
2. $238,750
3. $258,750
4. $268,750

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

1. favorable price variance
2. unfavorable price variance
3. favorable spending variance
4. unfavorable spending variance

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

1. favorable spending variance
2. unfavorable spending variance
3. favorable price variance
4. unfavorable price variance

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

1. $518,750
2. $418,750
3. $218,750
4. $318,750

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

1. $61,500
2. $31,500
3. $41,500
4. $51,500