Flexible Budget: Cost Accounting Quiz with Answers PDF Download – Test 53

MCQ 261: If the sales budget variance for operating income is $68000 and the static budget amount is $19000, then flexible budget amount will be:

1. $47,000
2. $57,000
3. $87,000
4. $97,000

MCQ 262: The contribution margin per unit is $500 per unit and the breakeven per unit is $35, then the fixed cost would be:

1. $13,500
2. $14,280
3. $18,500
4. $17,500

MCQ 263: The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of:

1. information accounting
2. cost accounting
3. analyzing accounts
4. marketing costs

MCQ 264: A costing system, which focuses on individual activities as the particular cost object is classified as:

1. activity based costing
2. improved costing
3. learned improvements
4. positive effectiveness

MCQ 265: A theory which describes techniques of operating income maximization, facing with non-bottleneck and bottleneck operations is:

1. theory of contribution
2. theory of constraints
3. theory of conflicts
4. theory of maximization