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

Practice BBA cost accounting test 1 with MCQ on production volume variance online for learning. Practice flexible budget: overhead cost variance multiple choice questions (MCQ) on production volume variance, variable and fixed overhead costs, cost variance analysis and activity based costing,. Free study guide has answering options numerator level variance, denominator level variance, price level variance and cost level variance of multiple choice questions (MCQ) as production volume variance is also considered as to test learning skills. Study to learn production volume variance quiz questions to practice MCQ based online exam preparation test.

MCQ on Flexible Budget: Overhead Cost Variance - Test 1

MCQ. Production volume variance is also considered as

  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 and 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

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