The flexible budget amount is added in to variable overhead flexible budget variance to calculate ____________?
A. manufacturing costs incurred B. variable costs incurred C. fixed costs incurred D. actual costs incurred
Accounting MCQs with Answers
The costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as ______________?
A. constant costing B. standard costing C. unit costing D. batch costing
The cost allocation base used by an operating manager is classified as ____________?
A. machine hours B. flexible hours C. variable hours D. fixed hours
The difference between actual variable overhead cost and flexible budget variable overhead amount is termed as __________?
A. overhead flexible budget variance B. overhead fixed budget variance C. overhead flexible cost variance D. overhead flexible price variance
The budget, which highlights the difference between actual quantity and budgeted quantity is termed as _____________?
A. actual cost budget B. flexible budget variance C. inflexible budget D. hourly budget
If the flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be ____________?
A. $15,000 B. $35,000 C. $65,000 D. $75,000
A company must eliminate all those activities that do not add value to all the products or services in planning of ___________?
A. variable overhead cost B. fixed overhead cost C. fixed batch cost D. variable batch cost
An energy, machine maintenance, indirect materials and engineering support are considered as ____________?
A. variable overhead cost B. fixed overhead cost C. fixed batch cost D. variable batch cost
In the standard costing, the standard quantity allocation is multiplied to standard overhead rates for allocating __________?
A. flexible costs B. variable costs C. overhead costs D. fixed costs
An investment is multiplied to required rate of return, to calculate: _____________?
A. congruent cost of investment B. transfer cost of investment C. operating cost of investment D. imputed cost of investment