Sales Volume Variance MCQs with Answers PDF Download – Test 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