Accounting Medium The higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all the factors of _____________? A favorable spending variance ✓ B unfavorable spending variance ✓ C favorable price variance ✓ D unfavorable price variance ✓ AK Ali Khan 4 months ago
Accounting Medium A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________? A non-financial measures ✓ B financial measures ✓ C effective measure ✓ D lump sum measure ✓ AK Ali Khan 4 months ago
Accounting Medium The costing technique, which classify all the activities in costing hierarchy is classified as ____________? A activity based costing ✓ B non-financial costing ✓ C profit costing ✓ D lump sum costing ✓ AK Ali Khan 4 months ago
Accounting Medium An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________? A variable batch costs ✓ B fixed batch costs ✓ C variable setup costs ✓ D fixed setup costs ✓ AK Ali Khan 4 months ago
Accounting Medium In overhead cost variance analysis, the variable overhead does not include _____________? A favorable volume variance ✓ B profit volume variance ✓ C cost volume variance ✓ D production volume variance ✓ AK Ali Khan 4 months ago
Accounting Medium If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be ____________? A $27,000 ✓ B $25,000 ✓ C $47,000 ✓ D $57,000 ✓ AK Ali Khan 4 months ago
Accounting Medium The fourth step in development of operating budget is to __________? A identify variable overhead cost ✓ B compute the per unit rate ✓ C choose the budgeting period ✓ D select allocation bases ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted total cost in fixed overhead is $465200 and the budgeted total quantity is $8750, then budgeted fixed overhead cost per unit will be ____________? A $83.17 ✓ B $73.17 ✓ C $53.17 ✓ D $63.17 ✓ AK Ali Khan 4 months ago
Accounting Medium If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be _________? A $31,800 ✓ B $12,300 ✓ C $12,200 ✓ D $41,800 ✓ AK Ali Khan 4 months ago
Accounting Medium The third step in developing operating budget is to __________? A choose the budgeting period ✓ B select allocation bases ✓ C identify variable overhead cost ✓ D compute the per unit rate ✓ AK Ali Khan 4 months ago