Static Budget Variance Multiple Choice Questions with Answers – PDF Download

MCQ 1: The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as:

1. sales mix variance
2. sales volume variance
3. flexible budget variance
4. static budget variance

MCQ 2: If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be:

1. $6,200
2. $1,700
3. $17,000
4. $4,500

MCQ 3: The difference between corresponding static budget and flexible budget amount is called:

1. sales volume variance
2. sales mix variance
3. sales quantity variance
4. market share variance

MCQ 4: If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be:

1. $6,500
2. $6,600
3. $6,700
4. $6,800

MCQ 5: The difference between static budget amount and the flexible budget amount is named as:

1. sales mix variance
2. sales volume variance
3. flexible budget variance
4. static budget variance