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MCQs

Total Questions : 195 | Page 8 of 20 pages
Question 71. If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be
  1.    $144,000
  2.    $134,000
  3.    $124,000
  4.    $30,000
 Discuss Question
Answer: Option D. -> $30,000
Answer: (d).$30,000
Question 72. The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as
  1.    flexible budget
  2.    fixed budget
  3.    variable budget
  4.    multiplied budget
 Discuss Question
Answer: Option A. -> flexible budget
Answer: (a).flexible budget
Question 73. If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be
  1.    $215,000
  2.    $315,000
  3.    $415,000
  4.    $515,000
 Discuss Question
Answer: Option A. -> $215,000
Answer: (a).$215,000
Question 74. An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
  1.    profit variance
  2.    investment variance
  3.    cost variance
  4.    selling price variance
 Discuss Question
Answer: Option D. -> selling price variance
Answer: (d).selling price variance
Question 75. Number of units are multiplied to per unit price, to calculate
  1.    multiple budget variable
  2.    fixed budget variable
  3.    flexible budget variable
  4.    constant budget
 Discuss Question
Answer: Option C. -> flexible budget variable
Answer: (c).flexible budget variable
Question 76. If the flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be
  1.    $27,000
  2.    $15,000
  3.    $39,000
  4.    $49,000
 Discuss Question
Answer: Option C. -> $39,000
Answer: (c).$39,000
Question 77. 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
 Discuss Question
Answer: Option D. -> sales volume variance
Answer: (d).sales volume variance
Question 78. The number of units are 5000 and the per unit price is $60, then the flexible budget variable would be
  1.    $5,000,000
  2.    $3,000,000
  3.    $2,000,000
  4.    $1,000,000
 Discuss Question
Answer: Option B. -> $3,000,000
Answer: (b).$3,000,000
Question 79. If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be
  1.    $45,000
  2.    $55,000
  3.    $75,000
  4.    $65,000
 Discuss Question
Answer: Option C. -> $75,000
Answer: (c).$75,000
Question 80. If the flexible budget amount is $82000 and the actual result is $45000 then the flexible budget amount will be
  1.    $97,000
  2.    $87,000
  3.    $27,000
  4.    $37,000
 Discuss Question
Answer: Option D. -> $37,000
Answer: (d).$37,000

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