An unfavorable volume-production variance is used to measure the amount of __________?
A. fixed setup cost B. total setup cost C. variable setup cost D. total overhead cost
Accounting MCQs with Answers
A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as _________?
A. setup cost B. batch cost C. facility cost D. lump sum cost
If the fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000, then the production volume variance will be __________?
A. $16,500 B. $15,500 C. $14,500 D. $13,500
If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be ____________?
A. $518,750 B. $418,750 C. $218,750 D. $318,750
If the budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250, then budgeted fixed overhead output unit will be __________?
A. $142,500 B. $112,500 C. $122,500 D. $132,500
If the salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000, then fixed setup costs will be ___________?
A. $10,000 B. $1,000 C. $7,000 D. $4,000
The measure which provides the feedback on manager’s performance, considering individual aspects only is classified as ___________?
A. effectively measure B. lump sum measure C. non-financial measures D. financial measures
If the variable overhead flexible budget variance is $26000 and the flexible budget amount is $15000, then the actual incurred costs will be ________?
A. $21,000 B. $11,000 C. $31,000 D. $41,000
All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as __________?
A. variable setup costs B. fixed setup costs C. variable batch costs D. fixed batch costs
If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be __________?
A. $20,000 B. $76,000 C. $86,000 D. $96,000