Flexible Budget and Management Control MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Flexible Budget and Management Control, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Flexible Budget and Management Control MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Flexible Budget and Management Control mcq questions that explore various aspects of Flexible Budget and Management Control problems. Each MCQ is crafted to challenge your understanding of Flexible Budget and Management Control principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Flexible Budget and Management Control MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Flexible Budget and Management Control. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Flexible Budget and Management Control knowledge to the test? Let's get started with our carefully curated MCQs!

Flexible Budget and Management Control MCQs | Page 5 of 20

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Q41.
If the input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under
Discuss
Answer: (b).greater efficiency
Q42.
If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be
Discuss
Answer: (d).$31,000
Q43.
If the budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be
Discuss
Answer: (b).450 units
Q44.
If the budgeted input price is $80 and the price variance is $40, then an actual price will be
Discuss
Answer: (b).$120
Q45.
If the price variance is $20 and the budgeted input price is $70, then an actual price will be
Discuss
Answer: (a).$90
Q46.
An unfavorable variance in static budget is also known as
Discuss
Answer: (b).adverse variance
Q47.
If the price variance is $30 and the budgeted input price is $80, then an actual price would be
Discuss
Answer: (c).$110
Q48.
If the actual cost is $265000 and the flexible budget cost is $156000, then the flexible budget variance will be
Discuss
Answer: (b).$109,000
Q49.
Static budget variance for operating income is added in to static budget amount to calculate
Discuss
Answer: (a).actual result
Q50.
In management control, the point of reference for making the comparisons of performance is
Discuss
Answer: (d).expected performance