Static Budget Cost Accounting Multiple Choice Questions with Answers – PDF Download

MCQ 1: If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be:

1. $40,000
2. $154,000
3. $164,000
4. $124,000

MCQ 2: The difference between an actual budget and the corresponding amount in static budget is classified as:

1. correspondent budget
2. full budget variance
3. methodology variance
4. static budget variance

MCQ 3: If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be:

1. $400,000
2. $500,000
3. $100,000
4. $600,000

MCQ 4: The difference between the flexible budget amount and the corresponding static budget amount is classified as:

1. sales revenue variance
2. cost profit variance
3. profit volume variance
4. sales volume variance

MCQ 5: An unfavorable variance in static budget is also known as:

1. favorable variance
2. adverse variance
3. adverse standard deviation
4. unfavorable variance