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Flexible Budget Variance Quiz Questions and Answers PDF Download eBook

Flexible Budget Variance quiz questions and answers, flexible budget variance MCQs with answers PDF 130 to practice accounting mock tests for online graduate programs. Practice Flexible Budget and Management Control quiz questions with answers, flexible budget variance Multiple Choice Questions (MCQ) for online accounting degree. Free flexible budget variance MCQs, contribution margin versus gross margin, make versus buy decisions, gross margin calculations, concept of relevance, flexible budget variance test prep to learn online certificate courses.

"If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be", flexible budget variance Multiple Choice Questions (MCQ) with choices $315,000, $215,000, $415,000, and $515,000 to study online BBA courses. Learn flexible budget and management control questions and answers to improve problem solving skills for online business degree. Flexible Budget Variance Video

Quiz on Flexible Budget Variance PDF Download eBook

Flexible Budget Variance Quiz

MCQ: If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be

  1. $215,000
  2. $315,000
  3. $415,000
  4. $515,000

A

Concept of Relevance Quiz

MCQ: The type of outcomes that can be measured in numerical terms are classified as

  1. qualitative factors
  2. quantitative factors
  3. expected factors
  4. recorded factors

B

Gross Margin Calculations Quiz

MCQ: If the contribution margin per unit is $40 per unit and selling price is $200, then the contribution margin percentage would be

  1. 20%
  2. 10%
  3. 22%
  4. 16%

A

Make versus Buy Decisions Quiz

MCQ: The low level managers in organizations are to make decisions about

  1. net income irrelevancy
  2. operating income maximization
  3. operating income minimization
  4. operating income relevancy

B

Contribution Margin versus Gross Margin Quiz

MCQ: If the gross margin is $9000 and the cost of goods sold is $8000 then the revenue will be

  1. $1,000
  2. −$1000
  3. $17,000
  4. −$17000

C