In the static budget, the difference between corresponding budgeted amount and actual result is called ____________?
A. sales mix variance B. sales volume variance C. flexible budget variance D. static budget variance
Accounting MCQs with Answers
The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?
A. indirect cost B. partial cost C. benchmark cost D. direct cost
In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as __________?
A. customer sustaining costs B. customer output unit-level costs C. customer batch-level costs D. corporate sustaining costs
If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be __________?
A. $3,000 B. $300 C. $4,700 D. $4,500
Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as _________?
A. disadvantage of low high method B. disadvantage of high low method C. advantage of high low method D. advantage of low high method
Evaluation criteria of regression equation must be considered as ____________?
A. goodness of fit B. economic plausibility C. significance of independent variable D. all of above
In quantitative analysis to estimate cost function, the fourth step is to __________?
A. write a liner function B. write price function C. write manufacturing function D. plot the data
The large residual term and negative slope of line indicate?
A. inverse proportion B. direct proportion C. badness proportions D. goodness proportion
Which one of the following is the main advantage of quantitative method?
A. non expression B. non constant C. objective D. non objective
The weak relationship between cost and cost driver is indicated on a regression line, which is ___________?
A. curved B. slightly sloped C. completely sloped D. dotted