Broad Averaging and Consequence MCQ with Answers PDF Download – Test 92

MCQ 456: The product which requires low amount of resources, but incur high per unit cost is classified as:

1. expected under cost
2. expected over cost
3. product under costing
4. product over costing

MCQ 457: The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be:

1. $61,000
2. $71,000
3. $43,000
4. $24,000

MCQ 458: In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as:

1. partial inventory costing method
2. current period inventory method
3. Last-in, first-out method
4. First-in, first-out method

MCQ 459: The cash management, investments, long and short term financing are included in:

1. proprietorship
2. functional line
3. treasury
4. controllership

MCQ 460: If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be:

1. variable growth of company
2. constant growth of company
3. company is inefficient
4. company is efficient