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

Learn flexible budget cost accounting quiz, online cost accounting test 24 for online courses, distance learning. Free accounting MCQs questions and answers to learn flexible budget: cost accounting MCQs with answers. Practice MCQs to test knowledge on flexible budget: cost accounting, break even point, management accounting guidelines, inventory costing methods, make versus buy decisions for online accounting journal entries course test.

Free flexible budget: cost accounting course worksheet has multiple choice quiz question as if actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be with options $87,500 , $97,500 , $67,500 and $57,500 with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study flexible budget & management control multiple choice questions based quiz question and answers. Flexible Budget: Cost Accounting Video

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

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