Sail E0 Webinar

MCQs

Total Questions : 195 | Page 16 of 20 pages
Question 151. The third step in developing operating budget is to
  1.    choose the budgeting period
  2.    select allocation bases
  3.    identify variable overhead cost
  4.    compute the per unit rate
 Discuss Question
Answer: Option C. -> identify variable overhead cost
Answer: (c).identify variable overhead cost
Question 152. If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be
  1.    $61,500
  2.    $31,500
  3.    $41,500
  4.    $51,500
 Discuss Question
Answer: Option B. -> $31,500
Answer: (b).$31,500
Question 153. The difference between actual quantity and budgeted quantity of cost allocation base is classified as
  1.    fixed overhead efficiency variance
  2.    variable overhead efficiency variance
  3.    variable overhead manufacturing variance
  4.    fixed overhead manufacturing variance
 Discuss Question
Answer: Option B. -> variable overhead efficiency variance
Answer: (b).variable overhead efficiency variance
Question 154. In manufacturing settings, the budgeted fixed overhead rate is classified as
  1.    production numerator level
  2.    production denominator level
  3.    production cost level
  4.    production fixed level
 Discuss Question
Answer: Option B. -> production denominator level
Answer: (b).production denominator level
Question 155. The lump sum cost that remains unchanged in total despite of changes in total volume is classified as
  1.    unchanged price
  2.    unchanged cost
  3.    fixed overhead cost
  4.    variable overhead cost
 Discuss Question
Answer: Option C. -> fixed overhead cost
Answer: (c).fixed overhead cost
Question 156. An activity based costing hierarchy includes
  1.    batch level
  2.    output unit level
  3.    facility and product sustaining
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 157. In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as
  1.    lump sum price amount
  2.    lump sum fixed cost
  3.    lump sum variable cost
  4.    lump sum manufacturing cost
 Discuss Question
Answer: Option B. -> lump sum fixed cost
Answer: (b).lump sum fixed cost
Question 158. If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be
  1.    $43,000
  2.    $42,000
  3.    $29,000
  4.    $19,000
 Discuss Question
Answer: Option A. -> $43,000
Answer: (a).$43,000
Question 159. If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be
  1.    $59,000
  2.    $25,000
  3.    $15,000
  4.    $39,000
 Discuss Question
Answer: Option B. -> $25,000
Answer: (b).$25,000
Question 160. If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be
  1.    $20,000
  2.    $34,000
  3.    $44,000
  4.    $35,000
 Discuss Question
Answer: Option C. -> $44,000
Answer: (c).$44,000

Latest Videos
Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)
Direction Sense Test Part 1 Reasoning (Hindi)
Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE
Cube & Cuboid Part 1 Reasoning (Hindi)
Data Interpretation (DI) Basic Concept Reasoning (Hindi)
Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)
Sail E0 free webinar Webinars
Real Numbers Part 7 Class 10 Maths
Real Numbers Part 1 Class 10 Maths
Polynomials Part 1 Class 10 Maths

Latest Test Papers

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI
Tabulation - Test Paper 2 Data Interpretation Reasoning & DI
Test Paper 1 Direction Sense Test Reasoning & DI
ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0
GFM Combined 1 Free Revision Test SAIL JO E-0