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Cost Accounting Quizzes

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Strategic Analysis: Operating Income Quiz Questions and Answers p. 31

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Strategic Analysis Operating Income quiz questions and answers, strategic analysis operating income MCQs with answers PDF 31 to practice Cost Accounting BBA mock tests for online college programs. Practice "Balanced Scorecard and Strategic Profitability Analysis" quiz questions with answers, strategic analysis operating income Multiple Choice Questions (MCQ) for online college degrees. Free strategic analysis: operating income MCQs, types of spoilage, process costing system, static budget variance, budgets and budgeting cycle, strategic analysis: operating income test prep for online business administration degree classes.

"An amount of available capacity other than employed capacity, to meet the customer's demand, is classified as", strategic analysis operating income Multiple Choice Questions (MCQ) with choices budgeted capacity, targeted capacity, recovery capacity, and unused capacity for online degrees. Learn balanced scorecard and strategic profitability analysis questions and answers to improve problem solving skills for online classes business administration.

Quiz on Strategic Analysis: Operating Income

1.

An amount of available capacity other than employed capacity, to meet the customer's demand, is classified as

targeted capacity
budgeted capacity
recovery capacity
unused capacity

2.

In master budgeting, the cost drivers for manufacturing overhead costs are

direct manufacturing labor-hours
setup labor-hours
budgeted labor-hours
both a and b

3.

The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as

sales mix variance
sales volume variance
flexible budget variance
static budget variance

4.

A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

accounting period costing system
process costing system
job costing system
none of above

5.

The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate

normal spoilage rates
abnormal spoilage rates
normal scrap rates
abnormal scrap rates

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