Accounting MCQs with Answers
In an actual quantity of cost allocation used, base is multiplied to an actual fixed overhead rates, to calculate ___________?
A. fixed manufacturing overhead cost B. variable manufacturing overhead cost C. indirect manufacturing overhead cost D. direct manufacturing overhead cost
The numerator of the fixed manufacturing cost rate is ___________?
A. variable manufacturing cost B. budgeted fixed manufacturing cost C. adjusted manufacturing cost D. unadjusted labor cost
In absorption costing, the managers may increase operating income by producing ____________?
A. more sales B. more inventory units C. less inventory units D. less sales
The costing method, in which the variable manufacturing costs are treated as inventoriable cost is called ___________?
A. manufacturing costing B. absorption costing C. variable costing D. labor costing
The fixed manufacturing cost under variable costing is ____________?
A. inventoriable B. non-inventoriable C. high dividend D. low dividend
The production volume variance under variable costing is ______________?
A. must B. not a must C. non-inventoriable D. inventoriable
The capacity of the company, which considers the operating interruptions such as holiday shutdown and maintenance time is called ___________?
A. standard capacity B. actual capacity C. practical capacity D. theoretical costing
The capacity utilization of the business, to satisfy average customer demand over a specific period of time is classified as ____________?
A. seasonal capacity utilization B. normal capacity utilization C. standard capacity utilization D. theoretical capacity utilization