Use of Variances Quiz Questions and Answers PDF - 69

MCQ 341: The budget which is planned around a single output level is called

1. marketing budget
2. methodological budget
3. static budget
4. varied budget

MCQ 342: The manufacturing, distribution and marketing costs incur after split off point is classified under

1. separable costs
2. joint costs
3. main costs
4. split off costs

MCQ 343: If the production is less than sales, then operating income under variable costing is

1. negative income value
2. lower income
3. higher income
4. zero dividends

MCQ 344: A document which consists information about labor time usage, for specific job in a specific department, is known as

1. selling time record
2. labor time record
3. buying time record
4. direct time record

MCQ 345: The difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called

1. sales quantity variance
2. cost mix variance
3. volume mix variance
4. sales mix variance