Accounting Medium If an actual cost incurred is $627500, the flexible budget amount is $358750, then fixed overhead variance of flexible-budget will be _________? A $218,750 ✓ B $238,750 ✓ C $258,750 ✓ D $268,750 ✓ AK Ali Khan 4 months ago
Accounting Medium An unfavorable volume-production variance is used to measure the amount of __________? A fixed setup cost ✓ B total setup cost ✓ C variable setup cost ✓ D total overhead cost ✓ AK Ali Khan 4 months ago
Accounting Medium A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as _________? A setup cost ✓ B batch cost ✓ C facility cost ✓ D lump sum cost ✓ AK Ali Khan 4 months ago
Accounting Medium If the fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000, then the production volume variance will be __________? A $16,500 ✓ B $15,500 ✓ C $14,500 ✓ D $13,500 ✓ AK Ali Khan 4 months ago
Accounting Medium If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be ____________? A $518,750 ✓ B $418,750 ✓ C $218,750 ✓ D $318,750 ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250, then budgeted fixed overhead output unit will be __________? A $142,500 ✓ B $112,500 ✓ C $122,500 ✓ D $132,500 ✓ AK Ali Khan 4 months ago
Accounting Medium If the salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000, then fixed setup costs will be ___________? A $10,000 ✓ B $1,000 ✓ C $7,000 ✓ D $4,000 ✓ AK Ali Khan 4 months ago
Accounting Medium The measure which provides the feedback on manager’s performance, considering individual aspects only is classified as ___________? A effectively measure ✓ B lump sum measure ✓ C non-financial measures ✓ D financial measures ✓ AK Ali Khan 4 months ago
Accounting Medium If the variable overhead flexible budget variance is $26000 and the flexible budget amount is $15000, then the actual incurred costs will be ________? A $21,000 ✓ B $11,000 ✓ C $31,000 ✓ D $41,000 ✓ AK Ali Khan 4 months ago
Accounting Medium All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as __________? A variable setup costs ✓ B fixed setup costs ✓ C variable batch costs ✓ D fixed batch costs ✓ AK Ali Khan 4 months ago