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Accounting Notes and Technology Articles

Variable and Fixed Overhead Costs Quiz Questions and Answers PDF Download eBook

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Quiz on Variable & Fixed Overhead Costs PDF Download eBook

Variable and Fixed Overhead Costs Quiz

MCQ: The step of installing production scheduling procedure, to improve plant operations is considered as

  1. potential cost response
  2. potential budget response
  3. potential management response
  4. potential price response

C

Conversion Costs Quiz

MCQ: The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be

  1. $27,000
  2. $13,000
  3. $130,000
  4. $29,500

B

Retail Organizations: Inventory Management Quiz

MCQ: The activities related to coordinating, controlling and planning flow of inventory are classified as

  1. decisional management
  2. throughput management
  3. inventory management
  4. manufacturing management

C

Efficiency Variance in Accounting Quiz

MCQ: An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be

  1. 275 units
  2. 250 units
  3. 150 units
  4. 650 units

C

Quality: Competitive Tool Quiz

MCQ: The quality aspect, that refers how well the product fulfills the customer demands, is classified as

  1. learning quality
  2. design quality
  3. conformance quality
  4. business process quality

B