MBA Cost Accounting MCQs - Chapter 19
Flexible Budget: Overhead Cost Variance Multiple Choice Questions (MCQ) PDF - 10
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The MCQ: In flexible budget analysis, the variable overhead flexible budget variance is equal to; "Flexible Budget Overhead Cost Variance" App Download Android & iOS (Free) with answers actual cost-flexible budget amount, fixed cost-variable budget amount, variable cost-allocated amount and actual cost-variable amount for online accounting bachelor degree. Practice variable and fixed overhead costs quiz questions, download Apple Book (Free Sample) for online college classes.
Flexible Budget Overhead Cost Variance Questions & Answers PDF Download: MCQ Quiz 10
MCQ 46: In flexible budget analysis, the variable overhead flexible budget variance is equal to
- fixed cost-variable budget amount
- actual cost-flexible budget amount
- variable cost-allocated amount
- actual cost-variable amount
MCQ 47: If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be
- $38,500
- $48,500
- $58,500
- $13,500
MCQ 48: The second step in developing operating budget is to
- identify variable overhead cost
- compute the per unit rate
- choose the budgeting period
- select allocation bases
MCQ 49: The flexible budget amount is added in to fixed overhead flexible budget variance to calculate
- incurred manufacturing
- incurred production cost
- actual incurred cost
- incurred labor cost
MCQ 50: The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate
- budget variance
- production volume variance
- price volume variance
- cost volume variance
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Financial Markets Mock Tests
MBA Cost Accounting Practice Questions
Financial Markets MCQ with Answers
- Instrument used by Federal Reserve to smooth the money supply and interest rates include
- If the revenue bonds becomes default, the bondholders must
- Underwriter spread of stock is $17000 and the net proceeds of stock
- Type of unit which guarantees that all the buying and selling will
- Position which came in to existence because of holding assets less than liabilities is considered as
- Dimensions in bonds markets are
Flexible Budget: Overhead Cost Variance MCQ Book Questions
- Second step in developing operating budget is to
- If fixed overhead allocated for actual output units is $25000 and the
- Machine budgeted time standards are set too tight, is the possible cause for
- Type of unit which guarantees that all the buying and selling will
- Position which came in to existence because of holding assets less than liabilities is considered as
- Dimensions in bonds markets are