Flexible Budget: Cost Accounting MCQ with Answers PDF Download – Test 136

MCQ 676: If the flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be:

1. $27,000
2. $15,000
3. $39,000
4. $49,000

MCQ 677: If the budgeted indirect cost arte is $115 and the budgeted cost allocation base is $830 per hour, then the annual indirect cost (budgeted) will be:

1. $93,450
2. $94,560
3. $96,450
4. $95,450

MCQ 678: The capacity level of operations which is less than theoretical capacity is considered as:

1. practical capacity
2. theoretical costing
3. standard capacity
4. actual capacity

MCQ 679: The variance which is included in absorption costing, but not in variable costing is classified as:

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

MCQ 680: Considering two fiscal years 2013 and 2014, if the selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be:

1. $14,500
2. $135,000
3. $125,000
4. $12,500