Activity Based Costing Systems Quiz Questions and Answers PDF - 193

MCQ 961: The costing system, in which individual activities are identified as the cost object, is considered as

1. manufactured costing
2. activity based costing
3. allocation costing
4. base costing

MCQ 962: If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be

1. $34,000
2. $24,000
3. $16,000
4. $18,000

MCQ 963: If the difference in costs is $16000 and the slope coefficient is 0.40, then difference in machine hours would be

1. $50,000
2. $5,400
3. $6,400
4. $40,000

MCQ 964: If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be

1. $9,000
2. $8,000
3. $12,000
4. $21,000

MCQ 965: In the standard costing, the standard quantity allocation is multiplied to standard overhead rates for allocating

1. flexible costs
2. variable costs
3. overhead costs
4. fixed costs