If the budgeted fixed cost is $55000 and budgeted fixed cost is $55 per unit, then budgeted denominator level is __________?
A. 2500 units B. 2000 units C. 1000 units D. 1500 units
Accounting MCQs with Answers
The costing method, in which the direct material cost is included in inventoriable cost is called ___________?
A. manufacturing cost B. super variable costing C. throughput costing D. both B and C
In variable costing, an effect on cost volume profit relationship is driven by __________?
A. unit level of sales B. unit level of production C. unit level of inventory D. unit dividends
When prices fall, the decrease in demand for the product when the competitors’ prices are not met will be called ___________?
A. downward supply spiral B. upward supply spiral C. downward demand spiral D. upward demand spiral
In super variable costing, all costs other than direct material costs are recorded in the period ________?
A. of incurring B. of sale C. of manufacturing D. of indirect recording
The variance which is included in absorption costing, but not in variable costing is classified as __________?
A. production volume variance B. cost volume variance C. profit volume variance D. fixed cost variance
Which is considered as most stable measure of the capacity utilization?
A. spiral capacity B. supply capacity C. demand capacity D. practical capacity
The theoretical capacity of the company considers ideal goal of ___________?
A. normal utilization B. standard utilization C. capacity utilization D. actual utilization
The production volume variance under absorption costing:
A. must be inventoriable B. must exist C. must not exist D. non-inventoriable
The capacity of the operations in company, which does not consider shutdown periods and interruptions, in operations is considered as ________?
A. normal capacity B. theoretical costing C. standard capacity D. actual capacity