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MCQs

Total Questions : 195 | Page 2 of 20 pages
Question 11. If the sales budget variance for operating income is $58000 and the static budget amount is $15000, then flexible budget amount will be
  1.    $43,000
  2.    $73,000
  3.    $63,000
  4.    $53,000
 Discuss Question
Answer: Option B. -> $73,000
Answer: (b).$73,000
Question 12. The production volume variance is also called
  1.    denominator level variance
  2.    numerator level variance
  3.    price level variance
  4.    cost level variance
 Discuss Question
Answer: Option A. -> denominator level variance
Answer: (a).denominator level variance
Question 13. In the budgeted fixed overhead rate, the number of machine hours are considered as
  1.    denominator level
  2.    numerator level
  3.    fixed level
  4.    variable level
 Discuss Question
Answer: Option A. -> denominator level
Answer: (a).denominator level
Question 14. If the number of units are 3000 and the per unit price is $500, then the flexible budget variable will be
  1.    $1,500,000
  2.    $2,500,000
  3.    $3,500,000
  4.    $4,500,000
 Discuss Question
Answer: Option A. -> $1,500,000
Answer: (a).$1,500,000
Question 15. If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be
  1.    $9,000
  2.    $8,000
  3.    $12,000
  4.    $21,000
 Discuss Question
Answer: Option A. -> $9,000
Answer: (a).$9,000
Question 16. The degree which predetermines target or income achieved, can be grouped under
  1.    growth evaluation
  2.    performance evaluation
  3.    efficiency
  4.    effectiveness
 Discuss Question
Answer: Option D. -> effectiveness
Answer: (d).effectiveness
Question 17. An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be
  1.    275 units
  2.    250 units
  3.    150 units
  4.    650 units
 Discuss Question
Answer: Option C. -> 150 units
Answer: (c).150 units
Question 18. The quantity of input which is carefully determined is called
  1.    output unit
  2.    input unit
  3.    standard input
  4.    standard output
 Discuss Question
Answer: Option C. -> standard input
Answer: (c).standard input
Question 19. If the budgeted input price is $50, the price variance is $30 then an actual price will be
  1.    $100
  2.    $20
  3.    $80
  4.    $60
 Discuss Question
Answer: Option C. -> $80
Answer: (c).$80
Question 20. If the actual cost is $356000 and the flexible budget cost is $255000, then the flexible budget variance will be
  1.    $104,000
  2.    $103,000
  3.    $101,000
  4.    $102,000
 Discuss Question
Answer: Option C. -> $101,000
Answer: (c).$101,000

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