Broad Averaging and Consequence Multiple Choice Questions (MCQ) PDF - 92

MCQ 456: The product which requires low amount of resources, but incur high per unit cost is classified as

1. expected under cost
2. expected over cost
3. product under costing
4. product over costing

MCQ 457: The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be

1. $61,000
2. $71,000
3. $43,000
4. $24,000

MCQ 458: In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as

1. partial inventory costing method
2. current period inventory method
3. Last-in, first-out method
4. First-in, first-out method

MCQ 459: The cash management, investments, long and short term financing are included in

1. proprietorship
2. functional line
3. treasury
4. controllership

MCQ 460: If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be

1. variable growth of company
2. constant growth of company
3. company is inefficient
4. company is efficient