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Flexible Budget: Cost Accounting Quiz Questions and Answers 24 PDF Book Download

Flexible budget cost accounting quiz questions, flexible budget cost accounting MCQs with answers, MBA accounting test prep 24 to learn accounting courses for MBA degree online. Flexible budget and management control quiz questions and answers, flexible budget cost accounting multiple choice questions (MCQs) to practice accounting quiz with answers for online colleges and universities courses. Learn flexible budget: cost accounting MCQs, inventory costing methods, management accounting guidelines, break even point, flexible budget: cost accounting test prep for financial business analyst certification.

Learn flexible budget cost accounting test with multiple choice question (MCQs): if actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be, with choices $87,500, $97,500, $67,500, and $57,500 for business degree online classes. Learn flexible budget and management control questions and answers for problem-solving, merit scholarships assessment test for financial business analyst certification. Flexible Budget: Cost Accounting Video

Quiz on Flexible Budget: Cost Accounting Worksheet 24Quiz Book Download

Flexible Budget: Cost Accounting Quiz

MCQ: If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be

  1. $87,500
  2. $97,500
  3. $67,500
  4. $57,500

A

Break Even Point Quiz

MCQ: Fixed cost is divided by break-even revenues to calculate

  1. cost margin
  2. fixed margin
  3. revenue margin
  4. contribution margin

D

Management Accounting Guidelines Quiz

MCQ: An accounting approach, in which expected benefits exceed expected cost is classified as

  1. benefit approach
  2. cost approach
  3. cost-benefit approach
  4. accounting approach

C

Inventory Costing Methods Quiz

MCQ: An approach in which restating amounts, in general ledgers by using actual cost rates, is classified as

  1. unadjusted cost approach
  2. adjusted allocation rate approach
  3. unadjusted allocation approach
  4. adjusted cost approach

B

Make versus Buy Decisions Quiz

MCQ: Factor, which is largely considered in making or buying decisions is

  1. quality of suppliers
  2. dependability of suppliers
  3. production irrelevancy
  4. both a and b

D