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# Flexible Budget and Management Control Online Exam Quiz

Important questions about Flexible Budget and Management Control. Flexible Budget and Management Control MCQ questions with answers. Flexible Budget and Management Control exam questions and answers for students and interviews.

Options

A : a. \$15,000

B : b. \$13,000

C : c. \$11,000

D : d. \$9,000

Options

A : a. \$130

B : b. \$70

C : c. \$150

D : d. \$80

### The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate

Options

A : a. standard price per input unit

B : b. standard price per output unit

C : c. standard cost per input unit

D : d. standard cost per output unit

### The consideration of decreased operating income relative to budgeted amount, in static budget is classified as

Options

A : a. revenue variance

B : b. cost variance

C : c. favorable variance

D : d. unfavorable variance

Options

A : a. \$40,000

B : b. \$50,000

C : c. \$150,000

D : d. \$170,000

Options

A : a. 275 units

B : b. 250 units

C : c. 150 units

D : d. 650 units

### The degree which predetermines target or income achieved, can be grouped under

Options

A : a. growth evaluation

B : b. performance evaluation

C : c. efficiency

D : d. effectiveness

Options

A : a. \$100

B : b. \$20

C : c. \$80

D : d. \$60

### The quantity of input which is carefully determined is called

Options

A : a. output unit

B : b. input unit

C : c. standard input

D : d. standard output

Options

A : a. \$104,000

B : b. \$103,000

C : c. \$101,000

D : d. \$102,000

### The variance is the stated difference between expected performance and the

Options

A : a. revenue planning

B : b. actual results

C : c. marketing results

D : d. cost planning

### A costing system, which focuses on individual activities as the particular cost object is classified as

Options

A : a. activity based costing

B : b. improved costing

C : c. learned improvements

D : d. positive effectiveness

### The difference between actual input variance and the budgeted input variance is called

Options

A : a. price variance

B : b. actual output price

C : c. budgeted output price

D : d. actual selling price

Options

A : a. 300 units

B : b. 700 units

C : c. 800 units

D : d. 500 units

Options

A : a. positive

B : b. negative

C : c. zero

D : d. one

### The budget which is planned around a single output level is called

Options

A : a. marketing budget

B : b. methodological budget

C : c. static budget

D : d. varied budget

### The actual price of material is less than budgeted price, this means that

Options

A : a. price variance is favorable

B : b. price variance is unfavorable

C : c. cost variance is favorable

D : d. cost variance is unfavorable

### An actual rate paid to labor is greater than the budgeted rate, it means that the

Options

A : a. cost is unfavorable

B : b. variance is unfavorable

C : c. variance is favorable

D : d. cost is favorable

Options

A : a. \$135,000

B : b. \$45,000

C : c. \$50,000

D : d. \$55,000

### If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be

Options

A : a. variable growth of company

B : b. constant growth of company

C : c. company is inefficient

D : d. company is efficient