Sales Volume Variance MCQ (Multiple Choice Questions) PDF - 34

MCQ 166: If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be

1. $29,000
2. $11,000
3. $15,000
4. $10,000

MCQ 167: The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as

1. supply chain
2. value chain
3. material flow chain
4. manufacturing flow chain

MCQ 168: If the gross margin is $2000 and the revenue is $5000, then the cost of goods sold would be

1. −$8000
2. $3,000
3. −$3000
4. $8,000

MCQ 169: The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as

1. carrying costs
2. purchasing costs
3. stock-out costs
4. ordering costs

MCQ 170: The type of budget, which is always available for the specified period of future is called

1. period budget
2. batch budget
3. discontinued budget
4. continuous budget