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 7 of 20

Q61.
If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is
Discuss
Answer: (d).$14,000
Q62.
The flexible budget variance for the revenues of company is classified as
Discuss
Answer: (a).selling price variance
Q63.
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
Discuss
Answer: (a).$87,500
Q64.
If the actual result is $26000, the flexible budget amount is $13000, then the flexible budget amount will be
Discuss
Answer: (c).$13,000
Q65.
If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be
Discuss
Answer: (b).$11,000
Q66.
If the static budget is $208000 and the flexible budget amount is $305000, then the sales budget variance will be
Discuss
Answer: (b).$97,000
Q67.
The subtracted flexible budget amount can form an actual result to calculate
Discuss
Answer: (b).flexible budget variance
Q68.
If the sales budget variance for operating income is $68000 and the static budget amount is $19000, then flexible budget amount will be
Discuss
Answer: (c).$87,000
Q69.
The sales budget variance is subtracted from flexible budget amount to calculate
Discuss
Answer: (a).static budget amount
Q70.
If the flexible budget amount is $62000 and an actual result is $35000, then the flexible budget amount would be
Discuss
Answer: (a).$27,000