Learn fixed overhead cost variances MCQs, cost accounting test for online learning courses, test prep to practice test. Flexible budget: overhead cost variance MCQs, fixed overhead cost variances multiple choice questions and answers, cost variance analysis and activity based costing, variable and fixed overhead costs, fixed overhead cost variances tutorials for online account manager courses distance learning.

Cost accounting practice test MCQ: if an actual cost incurred is \$627500, flexible budget amount is \$358750, then fixed overhead variance of flexible-budget will be with options \$218,750 , \$238,750 , \$258,750 and \$268,750 with interesting topics from previous question papers, exam papers and online tutorial questions. Free study guide is for online learning fixed overhead cost variances quiz questions with MCQs to practice test questions with answers for formative assessment of students with e-learning portal. Fixed Overhead Cost Variances Video

MCQ: If an actual cost incurred is \$627500, flexible budget amount is \$358750, then fixed overhead variance of flexible-budget will be

1. \$218,750
2. \$238,750
3. \$258,750
4. \$268,750

D

MCQ: Lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all factors of

1. favorable price variance
2. unfavorable price variance
3. favorable spending variance
4. unfavorable spending variance

C

MCQ: Higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all factors of

1. favorable spending variance
2. unfavorable spending variance
3. favorable price variance
4. unfavorable price variance

B

MCQ: If an actual incurred cost is \$387500 and flexible budget amount is \$168750, then fixed overhead variance of flexible budget would be

1. \$518,750
2. \$418,750
3. \$218,750
4. \$318,750

C

MCQ: If flexible budget amount is \$21500 and fixed overhead flexible budget variance is \$10000, then actual incurred cost will be

1. \$61,500
2. \$31,500
3. \$41,500
4. \$51,500

B