The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as __________?
A. flexible budget B. fixed budget C. variable budget D. multiplied budget
Accounting MCQs with Answers
The number of units are 5000 and the per unit price is $60, then the flexible budget variable would be _________?
A. $5,000,000 B. $3,000,000 C. $2,000,000 D. $1,000,000
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be __________?
A. $45,000 B. $55,000 C. $75,000 D. $65,000
If the number of units are 3000 and the per unit price is $500, then the flexible budget variable will be _______?
A. $1,500,000 B. $2,500,000 C. $3,500,000 D. $4,500,000
If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be ___________?
A. $9,000 B. $8,000 C. $12,000 D. $21,000
If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is __________?
A. $36,000 B. $46,000 C. $56,000 D. $14,000
If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be ____________?
A. $87,500 B. $97,500 C. $67,500 D. $57,500
If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be _________?
A. $29,000 B. $11,000 C. $15,000 D. $10,000
The flexible budget variance for the revenues of company is classified as __________?
A. selling price variance B. investment variance C. profit variance D. primary variance
If the actual result is $26000, the flexible budget amount is $13000, then the flexible budget amount will be __________?
A. $39,000 B. $49,000 C. $13,000 D. $15,000