MBA Cost Accounting MCQs - Chapter 19

Flexible Budget: Overhead Cost Variance Quiz Questions and Answers PDF - 7

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The Quiz: Variance is solely because of the difference between budgeted quantity and the; "Flexible Budget Overhead Cost Variance" App Download iOS & Android (Free) with answers actual cost, flexible hours, actual quantity and actual price for master of science in accounting. Study variable and fixed overhead costs quiz questions, download Amazon eBook (Free Sample) for online bachelor's degree in business.

Flexible Budget Overhead Cost Variance Questions & Answers PDF Download: MCQ Quiz 7

MCQ 31: The variance is solely because of the difference between budgeted quantity and the

A) flexible hours

B) actual cost

C) actual quantity

D) actual price

MCQ 32: The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150, then budgeted fixed overhead output unit will be

A) $67,500

B) $57,500

C) $47,500

D) $37,500

MCQ 33: The third step in developing operating budget is to

A) choose the budgeting period

B) select allocation bases

C) identify variable overhead cost

D) compute the per unit rate

MCQ 34: In manufacturing settings, the budgeted fixed overhead rate is classified as

A) production numerator level

B) production denominator level

C) production cost level

D) production fixed level

MCQ 35: The lump sum cost that remains unchanged in total despite of changes in total volume is classified as

A) unchanged price

B) unchanged cost

C) fixed overhead cost

D) variable overhead cost

MBA Cost Accounting Mock Tests

Decision Making Process and Information MCQs

Flexible Budget: Overhead Cost Variance MCQs

Performance Measurement, Compensation and Multinational Considerations MCQs

Inventory Management, Just in Time and Costing Methods MCQs

Overhead Cost Variances and Management Control MCQs

Balanced Scorecard: Quality, Time and Theory of Constraints MCQs

Department Costs, Common Costs and Revenues MCQs

Cost Allocation, Customer Profitability and Sales Variance Analysis MCQs

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