Pak
QuizHub
Home
Important MCQs
Past Papers
About
Contact
Privacy
Cost Accounting Mcqs
/
MCQs
Cost Accounting Mcqs – MCQs
1069 questions. Click to practice.
Show Answers
Correct options are highlighted when revealed.
1.
Given that the actual overhead cost is $627,500 and the flexible budget amount is $358,750, what is the fixed overhead variance based on the flexible budget?
$218,750
$238,750
$258,750
$268,750
2.
What term describes the process of implementing preventive actions across all machines?
possible price adjustment
possible cost adjustment
possible budget adjustment
possible management intervention
possible operational adjustment
3.
Which type of response involves implementing a production scheduling process to enhance plant operations?
possible cost adjustment
possible budget modification
possible managerial action
possible pricing change
4.
If the actual amount of the cost allocation base is $56,000 and the budgeted amount is $17,000, what is the variable overhead efficiency variance?
$39,000
$49,000
$59,000
$73,000
5.
In calculating the budgeted fixed overhead rate, the machine hours are treated as which of the following?
denominator level
numerator level
fixed level
variable level
6.
What is another term for the production volume variance?
denominator level variance
numerator level variance
price level variance
cost level variance
7.
Given that the sales budget variance for operating income is $58,000 and the static budget figure is $15,000, what is the value of the flexible budget?
$43,000
$73,000
$63,000
$53,000
8.
Given a flexible budget value of $82,000 and an actual outcome of $45,000, what is the variance between the flexible budget and the actual result?
$97,000
$87,000
$27,000
$37,000
9.
Given a flexible budget of $27,000 and a flexible budget variance of $12,000, what is the actual amount recorded?
$27,000
$15,000
$39,000
$49,000
10.
Given a sales budget variance of $47,000 and a flexible budget figure of $77,000, what is the value of the static budget?
$144,000
$134,000
$124,000
$30,000
11.
Given a sales budget variance of $57,000 and a flexible budget total of $97,000, what is the value of the static budget?
$40,000
$154,000
$164,000
$124,000
12.
If the flexible budget is $57,000 and the flexible budget variance is $14,000, what is the actual amount achieved?
$61,000
$71,000
$43,000
$24,000
13.
Given a flexible budget value of $62,000 and an actual outcome of $35,000, what is the resulting flexible budget variance?
$27,000
$37,000
$97,000
$87,000
14.
What is calculated by taking the difference between the budgeted selling price and the actual selling price, then multiplying by the number of units sold?
variance in profit
variance in investment
variance in cost
variance in selling price
15.
What term describes the difference between the flexible budget figure and the actual outcome?
related variance
outcome variance
flexible budget variance
fixed budget variance
none of the above
16.
What is determined by subtracting the static budget figure from the flexible budget figure?
sales budget variance
cost budget variance
overall budget variance
variance in the static budget
operational budget variance
17.
To find the actual result, what must be added to the flexible budget variance?
fixed budget outcome
flexible budget amount
derived budget figure
initial budget total
planned budget value
18.
Given that the sales budget variance for operating income is $68,000 and the static budget amount is $19,000, what is the value of the flexible budget amount?
$47,000
$57,000
$87,000
$97,000
None of the above
19.
The difference between the actual results and the flexible budget is used to determine which type of variance?
unidentified budget variance
flexible budget variance
fixed budget variance
static budget variance
none of the above
20.
Given a static budget of $208,000 and a flexible budget of $305,000, what is the sales budget variance?
$67,000
$97,000
$57,000
$47,000
← Previous
Page 17 of 54
Next →
Cost Accounting Mcqs – MCQs | PakQuizHub