Variable Cost MCQs with Answers PDF Download – Test 94

MCQ 466: The total revenues is subtracted from total variable costs to calculate:

1. revenue margin
2. variable margin
3. contribution margin
4. divisor margin

MCQ 467: The factors that affect the demand of the customers include:

1. cyclical factors
2. seasonal factors
3. trend factors
4. all of above

MCQ 468: In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as:

1. under allocated indirect cost
2. over allocated direct cost
3. over allocated budget
4. under allocated budget

MCQ 469: In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as:

1. incremental product
2. sunk product
3. main product
4. split off product

MCQ 470: The fixed direct manufacturing cost is calculated, by multiplying standard prices for standard quantity of allowed input for actual output in:

1. input costing
2. output costing
3. standard costing
4. achieved costing