Question

The consideration of increased operating income relative to budgeted amount is classified as

a.

favorable variance

b.

unfavorable variance

c.

revenue variance

d.

cost variance

Posted under Cost Accounting

Answer: (a).favorable variance

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. The consideration of increased operating income relative to budgeted amount is classified as

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. If an actual price of material is $700 and the budgeted price is $900, then the

Q. If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be

Q. In costing and budgeting hierarchy, an example of product sustaining cost is

Q. If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance will be

Q. If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is

Q. The flexible budget variance for the revenues of company is classified as

Q. If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be

Q. If the actual result is $26000, the flexible budget amount is $13000, then the flexible budget amount will be

Q. If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be

Q. If the static budget is $208000 and the flexible budget amount is $305000, then the sales budget variance will be

Q. The subtracted flexible budget amount can form an actual result to calculate

Q. If the sales budget variance for operating income is $68000 and the static budget amount is $19000, then flexible budget amount will be

Q. The sales budget variance is subtracted from flexible budget amount to calculate

Q. If the flexible budget amount is $62000 and an actual result is $35000, then the flexible budget amount would be

Q. The flexible budget amount is added to flexible budget variance to calculate

Q. The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be

Q. The static budget amount is subtracted from the flexible budget amount to calculate the

Q. If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be

Q. The difference between the flexible budget amount and the corresponding actual result is called

Q. If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be

Recommended Subjects

Are you eager to expand your knowledge beyond Cost Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!