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Flexible Budget and Management Control

Practice MCQs under Flexible Budget and Management Control. 28 available Open paginated MCQ list →

Questions

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1.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?

2.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?

3.Given a flexible budget of $27,000 and a flexible budget variance of $12,000, what is the actual amount recorded?

4.Given a sales budget variance of $47,000 and a flexible budget figure of $77,000, what is the value of the static budget?

5.Given a sales budget variance of $57,000 and a flexible budget total of $97,000, what is the value of the static budget?

6.If the flexible budget is $57,000 and the flexible budget variance is $14,000, what is the actual amount achieved?

7.Given a flexible budget value of $62,000 and an actual outcome of $35,000, what is the resulting flexible budget variance?

8.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?

9.What term describes the difference between the flexible budget figure and the actual outcome?

10.What is determined by subtracting the static budget figure from the flexible budget figure?

11.To find the actual result, what must be added to the flexible budget variance?

12.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?

13.The difference between the actual results and the flexible budget is used to determine which type of variance?

14.Given a static budget of $208,000 and a flexible budget of $305,000, what is the sales budget variance?

15.Given an actual outcome of $26,000 and a flexible budget value of $13,000, what is the flexible budget amount?

16.How is the flexible budget variance for a company's revenue categorized?

17.Given a static budget of $9,000 and a flexible budget of $20,000, what is the sales volume variance?

18.Given that the actual selling price is $500, the actual revenue is $250, and 350 units were sold, what is the selling price variance?

19.Given an actual result of $25,000 and a flexible budget figure of $11,000, what is the flexible budget variance?

20.Given a static budget of $6,000 and a flexible budget of $15,000, what is the sales volume variance?

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