If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be __________?
A. $144,000 B. $134,000 C. $124,000 D. $30,000
Accounting MCQs with Answers
If the flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be _____________?
A. $27,000 B. $15,000 C. $39,000 D. $49,000
If the flexible budget amount is $82000 and the actual result is $45000 then the flexible budget amount will be ___________?
A. $97,000 B. $87,000 C. $27,000 D. $37,000
If the sales budget variance for operating income is $58000 and the static budget amount is $15000, then flexible budget amount will be _____________?
A. $43,000 B. $73,000 C. $63,000 D. $53,000
The production volume variance is also called __________?
A. denominator level variance B. numerator level variance C. price level variance D. cost level variance
In the budgeted fixed overhead rate, the number of machine hours are considered as _________?
A. denominator level B. numerator level C. fixed level D. variable level
An actual quantity of cost allocation base is $56000, budgeted quantity of cost allocation base is $17000, then the variable overhead efficiency variance is ___________?
A. $39,000 B. $49,000 C. $59,000 D. $73,000
The step of installing production scheduling procedure, to improve plant operations is considered as __________?
A. potential cost response B. potential budget response C. potential management response D. potential price response
The process of ensuring preventive measure to be done in all machines is classified as _________?
A. potential price response B. potential cost response C. potential budget response D. potential management response
If an actual cost incurred is $627500, the flexible budget amount is $358750, then fixed overhead variance of flexible-budget will be _________?
A. $218,750 B. $238,750 C. $258,750 D. $268,750