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Overhead Cost Variances and Management Control Multiple Choice Questions 1 PDF Download

Learn overhead cost variances and management control multiple choice questions (MCQs), cost accounting test 1 online for exams. Practice planning of variable and fixed overhead costs MCQs questions and answers on planning of variable and fixed overhead costs with answers. Free overhead cost variances and management control quiz, online study guide has helping answer key with choices as flexible hours, machine hours, variable hours and fixed hours of multiple choice questions as cost allocation base used by an operating manager is classified as to test learning skills for viva exam preparation and job's interview questions. Study to learn planning of variable and fixed overhead costs quiz questions to practice online MCQs for competitive exam preparation test. Planning of Variable and Fixed Overhead Costs Video

MCQ on Overhead Cost Variances and Management Control Quiz PDF Download Test 1

MCQ. The cost allocation base used by an operating manager is classified as

  1. machine hours
  2. flexible hours
  3. variable hours
  4. fixed hours

A

MCQ. The difference between actual variable overhead cost and flexible budget variable overhead amount is termed as

  1. overhead flexible budget variance
  2. overhead fixed budget variance
  3. overhead flexible cost variance
  4. overhead flexible price variance

A

MCQ. The costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as

  1. constant costing
  2. standard costing
  3. unit costing
  4. batch costing

B

MCQ. An energy, machine maintenance, indirect materials and engineering support are considered as

  1. variable overhead cost
  2. fixed overhead cost
  3. fixed batch cost
  4. variable batch cost

A

MCQ. The budget, which highlights the difference between actual quantity and budgeted quantity is termed as

  1. actual cost budget
  2. flexible budget variance
  3. inflexible budget
  4. hourly budget

B