Accounting Medium If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be __________? A $20,000 ✓ B $76,000 ✓ C $86,000 ✓ D $96,000 ✓ AK Ali Khan 4 months ago
Accounting Medium Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as ____________? A variable overhead spending variance ✓ B fixed overhead spending variance ✓ C constant spending variance ✓ D potential spending variance ✓ AK Ali Khan 4 months ago
Accounting Medium The variance is solely because of the difference between budgeted quantity and the ___________? A flexible hours ✓ B actual cost ✓ C actual quantity ✓ D actual price ✓ AK Ali Khan 4 months ago
Accounting Medium The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150, then budgeted fixed overhead output unit will be __________? A $67,500 ✓ B $57,500 ✓ C $47,500 ✓ D $37,500 ✓ AK Ali Khan 4 months ago
Accounting Medium In manufacturing settings, the budgeted fixed overhead rate is classified as ___________? A production numerator level ✓ B production denominator level ✓ C production cost level ✓ D production fixed level ✓ AK Ali Khan 4 months ago
Accounting Medium If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be _________? A $61,500 ✓ B $31,500 ✓ C $41,500 ✓ D $51,500 ✓ AK Ali Khan 4 months ago
Accounting Medium An activity based costing hierarchy includes _____________? A batch level ✓ B output unit level ✓ C facility and product sustaining ✓ D all of above ✓ AK Ali Khan 4 months ago
Accounting Medium If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________? A $59,000 ✓ B $25,000 ✓ C $15,000 ✓ D $39,000 ✓ AK Ali Khan 4 months ago
Accounting Medium In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________? A lump sum price amount ✓ B lump sum fixed cost ✓ C lump sum variable cost ✓ D lump sum manufacturing cost ✓ AK Ali Khan 4 months ago
Accounting Medium If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be _________? A $12,000 ✓ B $15,000 ✓ C $10,000 ✓ D $32,000 ✓ AK Ali Khan 4 months ago