Accounting Mcqs — Test 16

Page 1 of 3

Question 1

If the flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be ____________?

Question 2

A company must eliminate all those activities that do not add value to all the products or services in planning of ___________?

Question 3

The difference between actual variable overhead cost and flexible budget variable overhead amount is termed as __________?

Question 4

The budget, which highlights the difference between actual quantity and budgeted quantity is termed as _____________?

Question 5

The costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as ______________?

Question 6

The cost allocation base used by an operating manager is classified as ____________?

Question 7

The depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a _____________?

Question 8

The flexible budget amount is added in to variable overhead flexible budget variance to calculate ____________?

Question 9

The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?

Question 10

The third step in developing operating budget is ____________?