A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________?
A. non-financial measures B. financial measures C. effective measure D. lump sum measure
Accounting MCQs with Answers
The costing technique, which classify all the activities in costing hierarchy is classified as ____________?
A. activity based costing B. non-financial costing C. profit costing D. lump sum costing
An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?
A. variable batch costs B. fixed batch costs C. variable setup costs D. fixed setup costs
In overhead cost variance analysis, the variable overhead does not include _____________?
A. favorable volume variance B. profit volume variance C. cost volume variance D. production volume variance
If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be ____________?
A. $27,000 B. $25,000 C. $47,000 D. $57,000
If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be _________?
A. $31,800 B. $12,300 C. $12,200 D. $41,800
The third step in developing operating budget is to __________?
A. choose the budgeting period B. select allocation bases C. identify variable overhead cost D. compute the per unit rate
The lump sum cost that remains unchanged in total despite of changes in total volume is classified as __________?
A. unchanged price B. unchanged cost C. fixed overhead cost D. variable overhead cost
The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________?
A. fixed overhead efficiency variance B. variable overhead efficiency variance C. variable overhead manufacturing variance D. fixed overhead manufacturing variance