Accounting: Operating Income Notes Questions with Answers PDF Download – Test 47

MCQ 231: An effect of fixed cost to change in operating income is classified as:

1. uncertain margin
2. certain margin
3. operating margin
4. operating leverage

MCQ 232: The target operating income is multiplied to tax rate and then subtracted from target operating income to calculate:

1. target net cost
2. target net income
3. target net gain
4. target net loss

MCQ 233: The variance is the stated difference between expected performance and the:

1. revenue planning
2. actual results
3. marketing results
4. cost planning

MCQ 234: If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be:

1. 1800 units
2. 2300 units
3. 10300 units
4. 1500 units

MCQ 235: The basic aspects of product quality must include the:

1. design quality
2. conformance quality
3. scorecard quality
4. both a and b