Cost Variance Analysis and Activity Based Costing Multiple Choice Questions (MCQ) PDF Download

MCQ 1: 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

MCQ 2: An unfavorable volume-production variance is used to measure the amount of

1. fixed setup cost
2. total setup cost
3. variable setup cost
4. total overhead cost

MCQ 3: The costing technique, which classify all the activities in costing hierarchy is classified as

1. activity based costing
2. non-financial costing
3. profit costing
4. lump sum costing

MCQ 4: An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as

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

MCQ 5: All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as

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