MBA Cost Accounting MCQs: Chapter 19

Flexible Budget: Overhead Cost Variance Multiple Choice Questions (MCQ) PDF Download - 10

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The MCQs: In flexible budget analysis, the variable overhead flexible budget variance is equal to "Flexible Budget: Overhead Cost Variance" App (Android, iOS) 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 Period Costs Quiz Questions, download Apple Book (Free Sample) for online college classes.

Flexible Budget Overhead Cost Variance MCQs with Answers PDF Download: 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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