If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be __________?
A. $7,500 B. $6,500 C. $1,000 D. $10,000
Accounting MCQs with Answers
In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as ____________?
A. customer sustaining costs B. customer output unit-level costs C. customer batch-level costs D. corporate sustaining costs
The difference between static budget amount and the flexible budget amount is named as ____________?
A. sales mix variance B. sales volume variance C. flexible budget variance D. static budget variance
The difference between corresponding static budget and flexible budget amount is called ___________?
A. sales volume variance B. sales mix variance C. sales quantity variance D. market share variance
In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as ___________?
A. discretionary channel costs B. corporate-sustaining costs C. distribution-channel costs D. engineered resource costs
The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as __________?
A. sales mix variance B. sales volume variance C. flexible budget variance D. static budget variance
If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be __________?
A. $6,200 B. $1,700 C. $17,000 D. $4,500
If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be ___________?
A. $6,500 B. $6,600 C. $6,700 D. $6,800
The corporate sustaining costs and distribution channel costs are also classified as _________?
A. indirect costs B. variable costs C. fixed costs D. direct costs