Management Accounting MCQ Questions and Solutions with Explanations | Management

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56.
Budget, which highlights difference between actual quantity and budgeted quantity is termed as

A. actual cost budget

B. flexible budget variance

C. inflexible budget

D. hourly budget

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57.
A company must eliminate all those activities that do not add value to all products or services in planning of

A. variable overhead cost

B. fixed overhead cost

C. fixed batch cost

D. variable batch cost

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58.
If flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be

A. $15,000

B. $35,000

C. $65,000

D. $75,000

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59.
Flexible budget amount is added in to variable overhead flexible budget variance to calculate

A. manufacturing costs incurred

B. variable costs incurred

C. fixed costs incurred

D. actual costs incurred

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60.
In standard costing, standard quantity allocation is multiplied to standard overhead rates for allocating

A. flexible costs

B. variable costs

C. overhead costs

D. fixed costs

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