Use of Variances Quiz with Answers PDF Download – Test 69

MCQ 341: The budget which is planned around a single output level is called:

1. marketing budget
2. methodological budget
3. static budget
4. varied budget

MCQ 342: The manufacturing, distribution and marketing costs incur after split off point is classified under:

1. separable costs
2. joint costs
3. main costs
4. split off costs

MCQ 343: If the production is less than sales, then operating income under variable costing is:

1. negative income value
2. lower income
3. higher income
4. zero dividends

MCQ 344: A document which consists information about labor time usage, for specific job in a specific department, is known as:

1. selling time record
2. labor time record
3. buying time record
4. direct time record

MCQ 345: The difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called:

1. sales quantity variance
2. cost mix variance
3. volume mix variance
4. sales mix variance