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BBA Cost Accounting MCQs (BBA Finance) From Textbook

BBA Cost Accounting MCQs – Practice Test 7 (Chapter 19)

Flexible Budget: Overhead Cost Variance Quiz with Answers PDF Download – Test 7

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Flexible Budget Overhead Cost Variance Quiz – Practice Test 7 PDF Download

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

  1. flexible hours
  2. actual cost
  3. actual quantity
  4. 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:

  1. $67,500
  2. $57,500
  3. $47,500
  4. $37,500

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

  1. choose the budgeting period
  2. select allocation bases
  3. identify variable overhead cost
  4. compute the per unit rate

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

  1. production numerator level
  2. production denominator level
  3. production cost level
  4. production fixed level

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

  1. unchanged price
  2. unchanged cost
  3. fixed overhead cost
  4. variable overhead cost

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