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MCQs

Total Questions : 195 | Page 10 of 20 pages
Question 91. The costing technique, which classify all the activities in costing hierarchy is classified as
  1.    activity based costing
  2.    non-financial costing
  3.    profit costing
  4.    lump sum costing
 Discuss Question
Answer: Option A. -> activity based costing
Answer: (a).activity based costing
Question 92. An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as
  1.    variable batch costs
  2.    fixed batch costs
  3.    variable setup costs
  4.    fixed setup costs
 Discuss Question
Answer: Option C. -> variable setup costs
Answer: (c).variable setup costs
Question 93. If the budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250, then budgeted fixed overhead output unit will be
  1.    $142,500
  2.    $112,500
  3.    $122,500
  4.    $132,500
 Discuss Question
Answer: Option B. -> $112,500
Answer: (b).$112,500
Question 94. If the salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000, then fixed setup costs will be
  1.    $10,000
  2.    $1,000
  3.    $7,000
  4.    $4,000
 Discuss Question
Answer: Option A. -> $10,000
Answer: (a).$10,000
Question 95. In overhead cost variance analysis, the variable overhead does not include
  1.    favorable volume variance
  2.    profit volume variance
  3.    cost volume variance
  4.    production volume variance
 Discuss Question
Answer: Option D. -> production volume variance
Answer: (d).production volume variance
Question 96. The measure which provides the feedback on manager's performance, considering individual aspects only is classified as
  1.    effectively measure
  2.    lump sum measure
  3.    non-financial measures
  4.    financial measures
 Discuss Question
Answer: Option C. -> non-financial measures
Answer: (c).non-financial measures
Question 97. All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as
  1.    variable setup costs
  2.    fixed setup costs
  3.    variable batch costs
  4.    fixed batch costs
 Discuss Question
Answer: Option B. -> fixed setup costs
Answer: (b).fixed setup costs
Question 98. If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be
  1.    $27,000
  2.    $25,000
  3.    $47,000
  4.    $57,000
 Discuss Question
Answer: Option C. -> $47,000
Answer: (c).$47,000
Question 99. The fourth step in development of operating budget is to
  1.    identify variable overhead cost
  2.    compute the per unit rate
  3.    choose the budgeting period
  4.    select allocation bases
 Discuss Question
Answer: Option B. -> compute the per unit rate
Answer: (b).compute the per unit rate
Question 100. If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be
  1.    $20,000
  2.    $76,000
  3.    $86,000
  4.    $96,000
 Discuss Question
Answer: Option A. -> $20,000
Answer: (a).$20,000

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