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Overhead Cost Variances and Management Control Multiple Choice Questions Test 1 Tests pdf Download

Practice overhead cost variances and management control multiple choice questions (MCQs), cost accounting test 1 online to learn. 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 study guide has answer key with choices as flexible hours, machine hours, variable hours and fixed hours of multiple choice questions (MCQ) as an operating manager uses cost allocation base which is classified as to test learning skills. Study to learn planning of variable and fixed overhead costs quiz questions to practice MCQ based online exam preparation test.

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

MCQ. An operating manager uses cost allocation base which is classified as

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

A

MCQ. Difference between actual variable overhead cost and flexible budget variable overhead amount is called

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

A

MCQ. Costing technique which traces direct costs by multiplying price rate for producing actual outputs is classified 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. Budget which highlights difference between actual quantity and budgeted quantity is considered as

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

B


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