If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be __________?
A. $43,000 B. $42,000 C. $29,000 D. $19,000
Accounting MCQs with Answers
If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be ___________?
A. $20,000 B. $34,000 C. $44,000 D. $35,000
The variable overhead flexible budget variance is added to flexible budget amount to calculate _____________?
A. actual cost incurred B. fixed cost incurred C. variable cost incurred D. manufacturing cost incurred
If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________?
A. $38,500 B. $48,500 C. $58,500 D. $13,500
The flexible budget amount is added in to fixed overhead flexible budget variance to calculate _____________?
A. incurred manufacturing B. incurred production cost C. actual incurred cost D. incurred labor cost
Usage of more resources to develop fundamental standards is classified as ____________?
A. potential budget response B. potential management response C. potential price response D. potential cost response
If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be _____________?
A. $34,000 B. $24,000 C. $16,000 D. $18,000
The first step in developing cost rate for budgeted variable overhead is to __________?
A. choose the budgeting period B. select allocation bases C. identify variable overhead cost D. compute the per unit rate
If an actual variable quantity is 70, the actual and budgeted overhead cost of allocation is $8650 and $3500 respectively, then the variable overhead spending variance will be __________?
A. $660,500 B. $560,500 C. $460,500 D. $360,500
The machine budgeted time standards are set too tight, is the possible cause for ____________?
A. priced budget B. exceeding budget C. fixed budget D. variable budget