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BBA Cost Accounting Competitive Exam MCQs – Practice Test 5 (Chapter 19)

Flexible Budget: Overhead Cost Variance MCQs with Answers PDF Download – Test 5

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Flexible Budget Overhead Cost Variance MCQs – Practice Test 5 PDF Download

MCQ 21: If the salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000, then fixed setup costs will be:

  1. $10,000
  2. $1,000
  3. $7,000
  4. $4,000

MCQ 22: In overhead cost variance analysis, the variable overhead does not include:

  1. favorable volume variance
  2. profit volume variance
  3. cost volume variance
  4. production volume variance

MCQ 23: The measure which provides the feedback on manager's performance, considering individual aspects only is classified as:

  1. effectively measure
  2. lump sum measure
  3. non-financial measures
  4. financial measures

MCQ 24: If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be:

  1. $27,000
  2. $25,000
  3. $47,000
  4. $57,000

MCQ 25: All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as:

  1. variable setup costs
  2. fixed setup costs
  3. variable batch costs
  4. fixed batch costs

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