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Flexible Budget Variance Quiz Questions and Answers 130 PDF Book Download

Flexible budget variance quiz, flexible budget variance MCQs with answers, MBA accounting quiz 130 for online accounting courses. College and university degree MCQs on flexible budget and management control quiz questions and answers, flexible budget variance multiple choice questions to practice accounting quiz with answers. Learn flexible budget variance MCQs, career aptitude test on make versus buy decisions, gross margin calculations, concept of relevance, flexible budget variance test prep for certified financial advisors.

Practice flexible budget variance career test with multiple choice question (MCQs): if static budget is $405000 and flexible budget amount is $620000, then sales budget variance will be, to learn finance and accounting degree with options $215,000, $315,000, $415,000, $515,000 for accounting jobs. Learn flexible budget and management control questions and answers with problem-solving skills assessment test for certified accountant certification. Flexible Budget Variance Video

Quiz on Flexible Budget Variance Worksheet 130Quiz Book Download

Flexible Budget Variance Quiz

MCQ: If static budget is $405000 and flexible budget amount is $620000, then sales budget variance will be

  1. $215,000
  2. $315,000
  3. $415,000
  4. $515,000

A

Concept of Relevance Quiz

MCQ: Type of outcomes that can be measured in numerical terms are classified as

  1. qualitative factors
  2. quantitative factors
  3. expected factors
  4. recorded factors

B

Gross Margin Calculations Quiz

MCQ: If contribution margin per unit is $40 per unit and selling price is $200, then contribution margin percentage would be

  1. 20%
  2. 10%
  3. 22%
  4. 16%

A

Make versus Buy Decisions Quiz

MCQ: Low level managers in organizations are to make decisions about

  1. net income irrelevancy
  2. operating income maximization
  3. operating income minimization
  4. operating income relevancy

B

Contribution Margin versus Gross Margin Quiz

MCQ: If gross margin is $9000 and cost of goods sold is $8000 then revenue will be

  1. $1,000
  2. −$1000
  3. $17,000
  4. −$17000

C