Flexible Budget Variance Multiple Choice Questions with Answers – PDF Download

MCQ 1: The flexible budget amount is added to flexible budget variance to calculate:

1. static result
2. actual result
3. secondary result
4. primary result

MCQ 2: The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be:

1. $61,000
2. $71,000
3. $43,000
4. $24,000

MCQ 3: If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be:

1. $215,000
2. $315,000
3. $415,000
4. $515,000

MCQ 4: If the flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be:

1. $15,000
2. $35,000
3. $65,000
4. $75,000

MCQ 5: The flexible budget amount is added in to variable overhead flexible budget variance to calculate:

1. manufacturing costs incurred
2. variable costs incurred
3. fixed costs incurred
4. actual costs incurred