Period Costs Quiz Questions and Answers PDF - 145

MCQ 721: The master budget, which is based on the planned output level at the start of budget period is considered as

1. static budget
2. varied budget
3. marketing budget
4. methodological budget

MCQ 722: 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 723: The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as

1. customer level indirect costs
2. customer level direct costs
3. corporate level direct costs
4. corporate level indirect costs

MCQ 724: The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be

1. $47,000
2. $33,000
3. $57,000
4. $18,000

MCQ 725: In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as

1. over allocated budget
2. under allocated budget
3. under allocated indirect cost
4. over allocated direct cost