Planning of Variable and Fixed Overhead Costs Multiple Choice Questions (MCQ) PDF Download

MCQ 1: The cost allocation base used by an operating manager is classified as

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

MCQ 2: 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

MCQ 3: 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

MCQ 4: 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

MCQ 5: 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