MBA Cost Accounting Entrance Exam: Practice Test 6 (Chapter 19)

Flexible Budget: Overhead Cost Variance Multiple Choice Questions (MCQ) PDF Download - 6

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The Flexible Budget Overhead Cost Variance Multiple Choice Questions (MCQ Quiz) with Answers PDF (Flexible Budget Overhead Cost Variance MCQ PDF e-Book) download Ch. 19-6 to learn MBA Cost Accounting Course. Solve Variable and Fixed Overhead Costs Multiple Choice Questions (MCQs), Flexible Budget Overhead Cost Variance quiz with answers PDF for online accounting masters programs. The MBA Cost Accounting MCQ App Download: Free Flexible Budget Overhead Cost Variance App to learn production volume variance career test for online degrees.

The MCQs: The fourth step in development of operating budget is to; "Flexible Budget: Overhead Cost Variance" App (Android, iOS) with answers: compute the per unit rate, identify variable overhead cost, choose the budgeting period, and select allocation bases for online accounting masters programs. Practice Contribution Margin versus Gross Margin Quiz Questions, download Apple Book (Free Sample) for accredited online schools for business management.

Flexible Budget Overhead Cost Variance MCQs with Answers PDF Download: Quiz 6

MCQ: 26

The fourth step in development of operating budget is to

identify variable overhead cost
compute the per unit rate
choose the budgeting period
select allocation bases

MCQ: 27

If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be

$20,000
$76,000
$86,000
$96,000

MCQ: 28

If the budgeted total cost in fixed overhead is $465200 and the budgeted total quantity is $8750, then budgeted fixed overhead cost per unit will be

$83.17
$73.17
$53.17
$63.17

MCQ: 29

Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as

variable overhead spending variance
fixed overhead spending variance
constant spending variance
potential spending variance

MCQ: 30

If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be

$31,800
$12,300
$12,200
$41,800

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