Static Budget Cost Accounting Multiple Choice Questions (MCQ) PDF Download

MCQ : If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be

1. $40,000
2. $154,000
3. $164,000
4. $124,000

MCQ 1: The difference between an actual budget and the corresponding amount in static budget is classified as

1. correspondent budget
2. full budget variance
3. methodology variance
4. static budget variance

MCQ 2: If an actual result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be

1. $400,000
2. $500,000
3. $100,000
4. $600,000

MCQ 3: The difference between the flexible budget amount and the corresponding static budget amount is classified as

1. sales revenue variance
2. cost profit variance
3. profit volume variance
4. sales volume variance

MCQ 4: An unfavorable variance in static budget is also known as

1. favorable variance
2. adverse variance
3. adverse standard deviation
4. unfavorable variance