Static Budget: Cost Accounting Quiz with Answers PDF Download – Test 157

MCQ 781: The difference between the flexible budget amount and the corresponding static budget amount is classified as:

1. sales revenue variance
2. cost profit variance
3. profit volume variance
4. sales volume variance

MCQ 782: When an essential information for calculation of income statement is missing, then the costs that can be considered for this purpose is called:

1. expected cost
2. expected revenues
3. irrelevant costs
4. relevant costs

MCQ 783: The horizontally across dimension of cost analysis is also called:

1. project dimension
2. accounting-period dimension
3. back-flush accounting dimension
4. lean accounting dimension

MCQ 784: The practice of seller to charge higher price for same market offering is classified as:

1. peak-load pricing
2. elastic pricing
3. elastic demand
4. inelastic demand

MCQ 785: If the employees of division A work for 8000 hours for $90 per hour, then the rate must be paid in division B in accordance of single rate method will be:

1. $90 per hour
2. less than $90 per hour
3. greater than $90 per hour
4. none of above