BBA Cost Accounting MCQs – Mock Test 24

Flexible Budget: Cost Accounting MCQ with Answers PDF Download – Test 24

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Free "Flexible Budget: Cost Accounting Study" App Download (iOS & Android): If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be; MCQ with answers: $97,500, $87,500, $57,500, and $67,500. Practice Flexible Budget and Management Control Questions and Answers, Google e-Book to download free chapter to achieve remote success.

Flexible Budget: Cost Accounting MCQ – Mock Test 24 PDF Download

MCQ 116: If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be:

$87,500
$97,500
$67,500
$57,500

MCQ 117: The fixed cost is divided by break-even revenues to calculate:

cost margin
fixed margin
revenue margin
contribution margin

MCQ 118: An accounting approach, in which the expected benefits exceed the expected cost is classified as:

benefit approach
cost approach
cost-benefit approach
accounting approach

MCQ 119: An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as:

unadjusted cost approach
adjusted allocation rate approach
unadjusted allocation approach
adjusted cost approach

MCQ 120: The factor, which is largely considered in making or buying decisions is:

quality of suppliers
dependability of suppliers
production irrelevancy
both a and b

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