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Flexible Budget: Overhead Cost Variance Multiple Choice Questions Test 1 Tests pdf Download

Practice flexible budget: overhead cost variance multiple choice questions (MCQs), cost accounting test 1 online to learn. Practice production volume variance MCQs questions and answers on production volume variance, variable and fixed overhead costs, cost variance analysis and activity based costing with answers. Free flexible budget: overhead cost variance quiz, online study guide has answer key with choices as numerator level variance, denominator level variance, price level variance and cost level variance of multiple choice questions (MCQ) as production volume variance is also called to test learning skills. Study to learn production volume variance quiz questions to practice MCQ based online exam preparation test. Production Volume Variance Video

MCQ on Flexible Budget: Overhead Cost Variance Quiz pdf Download Test 1

MCQ. Production volume variance is also called

  1. denominator level variance
  2. numerator level variance
  3. price level variance
  4. cost level variance

A

MCQ. In budgeted fixed overhead rate, number of machine hours is considered as

  1. denominator level
  2. numerator level
  3. fixed level
  4. variable level

A

MCQ. An indirect support labor costs and costs of indirect energy are considered as

  1. variable batch costs
  2. fixed batch costs
  3. variable setup costs
  4. fixed setup costs

C

MCQ. An actual quantity of cost allocation base is $56000, budgeted quantity of cost allocation base is $17000 then variable overhead efficiency variance is

  1. $39,000
  2. $49,000
  3. $59,000
  4. $73,000

A

MCQ. Step of installing production scheduling procedure, to improve plant operations is considered as

  1. potential cost response
  2. potential budget response
  3. potential management response
  4. potential price response

C