Q. The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150, then budgeted fixed overhead output unit will be

View solution

Q. The third step in developing operating budget is to

View solution

Q. In manufacturing settings, the budgeted fixed overhead rate is classified as

View solution

Q. The lump sum cost that remains unchanged in total despite of changes in total volume is classified as

View solution

Q. If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be

View solution

Q. The difference between actual quantity and budgeted quantity of cost allocation base is classified as

View solution

Q. An activity based costing hierarchy includes

View solution

Q. If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be

View solution

Q. If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be

View solution

Q. If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be

View solution

Q. In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as

View solution

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

View solution

Q. If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be

View solution

Q. If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be

View solution

Q. In flexible budget analysis, the variable overhead flexible budget variance is equal to

View solution

Q. If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be

View solution

Q. The second step in developing operating budget is to

View solution

Q. The flexible budget amount is added in to fixed overhead flexible budget variance to calculate

View solution

Q. The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate

View solution

Q. Usage of more resources to develop fundamental standards is classified as

View solution