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Cost Allocation Online Exam Quiz

Important questions about Cost Allocation. Cost Allocation MCQ questions with answers. Cost Allocation exam questions and answers for students and interviews.

The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as

Options

A : a. sales mix variance

B : b. sales volume variance

C : c. flexible budget variance

D : d. static budget variance

In corporate costs, the costs incur for employee recruitment, development and training are classified as

Options

A : a. discretionary costs

B : b. human resource management costs

C : c. corporate administration costs

D : d. treasury costs

In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as

Options

A : a. discretionary channel costs

B : b. corporate-sustaining costs

C : c. distribution-channel costs

D : d. engineered resource costs

If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be

Options

A : a. $6,200

B : b. $1,700

C : c. $17,000

D : d. $4,500

The difference between corresponding static budget and flexible budget amount is called

Options

A : a. sales volume variance

B : b. sales mix variance

C : c. sales quantity variance

D : d. market share variance

The difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called

Options

A : a. sales quantity variance

B : b. cost mix variance

C : c. volume mix variance

D : d. sales mix variance

The executive salaries, rent and other general administration cost in corporate costs are classified under

Options

A : a. human resource management costs

B : b. corporate administration costs

C : c. treasury costs

D : d. discretionary costs

If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be

Options

A : a. $6,500

B : b. $6,600

C : c. $6,700

D : d. $6,800

The difference between static budget amount and the flexible budget amount is named as

Options

A : a. sales mix variance

B : b. sales volume variance

C : c. flexible budget variance

D : d. static budget variance

The corporate sustaining costs and distribution channel costs are also classified as

Options

A : a. indirect costs

B : b. variable costs

C : c. fixed costs

D : d. direct costs

In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as

Options

A : a. customer sustaining costs

B : b. customer output unit-level costs

C : c. customer batch-level costs

D : d. corporate sustaining costs

If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be

Options

A : a. $2,500

B : b. $5,500

C : c. $3,500

D : d. $2,000

If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be

Options

A : a. $7,500

B : b. $6,500

C : c. $1,000

D : d. $10,000

For increasing sales, the decrease in selling price, below the selling price list is known as

Options

A : a. partial discount

B : b. corporate discount

C : c. treasury discount

D : d. price discount

The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as

Options

A : a. customer level indirect costs

B : b. customer level direct costs

C : c. corporate level direct costs

D : d. corporate level indirect costs

If the budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then the sales mix variance will be

Options

A : a. $8,000

B : b. $80,000

C : c. $62,000

D : d. $35,000

In corporate costs, the cost incurred to finance construction of new equipment are classified as

Options

A : a. treasury costs

B : b. discretionary costs

C : c. human resource management costs

D : d. corporate administration costs

In the static budget, the difference between corresponding budgeted amount and actual result is called

Options

A : a. sales mix variance

B : b. sales volume variance

C : c. flexible budget variance

D : d. static budget variance

An analysis and reporting of revenues earned, and the incurred costs to earn these revenues from customers is classified as

Options

A : a. partial productivity analysis

B : b. treasury cost analysis

C : c. customer profitability analysis

D : d. customer cost analysis

The cost of particular cost object which cannot be traced in economically plausible way is termed as

Options

A : a. indirect cost

B : b. partial cost

C : c. benchmark cost

D : d. direct cost

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