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 8 of 20

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Q71.
The flexible budget amount is added to flexible budget variance to calculate
Discuss
Answer: (b).actual result
Q72.
The flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be
Discuss
Answer: (b).$71,000
Q73.
The static budget amount is subtracted from the flexible budget amount to calculate the
Discuss
Answer: (a).sales budget variance
Q74.
If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be
Discuss
Answer: (a).$40,000
Q75.
The difference between the flexible budget amount and the corresponding actual result is called
Discuss
Answer: (c).flexible budget variance
Q76.
If the sales budget variance is $47000 and the flexible budget amount is $77000, then the static budget amount will be
Discuss
Answer: (d).$30,000
Q77.
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
Discuss
Answer: (d).selling price variance
Q78.
Number of units are multiplied to per unit price, to calculate
Discuss
Answer: (c).flexible budget variable
Q79.
The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as
Discuss
Answer: (a).flexible budget
Q80.
If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be
Discuss
Answer: (a).$215,000