Planning of Variable and Fixed Overhead Costs MCQs Quiz Online PDF Download

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MCQs on Planning of Variable and Fixed Overhead CostsQuiz PDF Download

MCQ: Cost allocation base used by an operating manager 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 termed as

  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 known 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 termed as

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

B