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MCQs

Total Questions : 195 | Page 9 of 20 pages
Question 81. If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be
  1.    $182,500
  2.    $152,500
  3.    $162,500
  4.    $172,500
 Discuss Question
Answer: Option B. -> $152,500
Answer: (b).$152,500
Question 82. An unfavorable volume-production variance is used to measure the amount of
  1.    fixed setup cost
  2.    total setup cost
  3.    variable setup cost
  4.    total overhead cost
 Discuss Question
Answer: Option A. -> fixed setup cost
Answer: (a).fixed setup cost
Question 83. The lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all the factors of
  1.    favorable price variance
  2.    unfavorable price variance
  3.    favorable spending variance
  4.    unfavorable spending variance
 Discuss Question
Answer: Option C. -> favorable spending variance
Answer: (c).favorable spending variance
Question 84. A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as
  1.    setup cost
  2.    batch cost
  3.    facility cost
  4.    lump sum cost
 Discuss Question
Answer: Option A. -> setup cost
Answer: (a).setup cost
Question 85. The less skilled workers for operating machines then expected are classified as
  1.    cause for exceeding budget
  2.    cause of less employment
  3.    fixed cost variation
  4.    variable cost variation
 Discuss Question
Answer: Option A. -> cause for exceeding budget
Answer: (a).cause for exceeding budget
Question 86. The higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all the factors of
  1.    favorable spending variance
  2.    unfavorable spending variance
  3.    favorable price variance
  4.    unfavorable price variance
 Discuss Question
Answer: Option B. -> unfavorable spending variance
Answer: (b).unfavorable spending variance
Question 87. If the variable overhead flexible budget variance is $26000 and the flexible budget amount is $15000, then the actual incurred costs will be
  1.    $21,000
  2.    $11,000
  3.    $31,000
  4.    $41,000
 Discuss Question
Answer: Option D. -> $41,000
Answer: (d).$41,000
Question 88. A measure which evaluates overall tradeoff and effect among non-financial performance measure is
  1.    non-financial measures
  2.    financial measures
  3.    effective measure
  4.    lump sum measure
 Discuss Question
Answer: Option B. -> financial measures
Answer: (b).financial measures
Question 89. If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be
  1.    $518,750
  2.    $418,750
  3.    $218,750
  4.    $318,750
 Discuss Question
Answer: Option C. -> $218,750
Answer: (c).$218,750
Question 90. If the fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000, then the production volume variance will be
  1.    $16,500
  2.    $15,500
  3.    $14,500
  4.    $13,500
 Discuss Question
Answer: Option D. -> $13,500
Answer: (d).$13,500

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