Accounting Medium The lump sum cost that remains unchanged in total despite of changes in total volume is classified as __________? A unchanged price ✓ B unchanged cost ✓ C fixed overhead cost ✓ D variable overhead cost ✓ AK Ali Khan 4 months ago
Accounting Medium The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________? A fixed overhead efficiency variance ✓ B variable overhead efficiency variance ✓ C variable overhead manufacturing variance ✓ D fixed overhead manufacturing variance ✓ AK Ali Khan 4 months ago
Accounting Medium If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be __________? A $43,000 ✓ B $42,000 ✓ C $29,000 ✓ D $19,000 ✓ AK Ali Khan 4 months ago
Accounting Medium If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be ___________? A $20,000 ✓ B $34,000 ✓ C $44,000 ✓ D $35,000 ✓ AK Ali Khan 4 months ago
Accounting Medium The variable overhead flexible budget variance is added to flexible budget amount to calculate _____________? A actual cost incurred ✓ B fixed cost incurred ✓ C variable cost incurred ✓ D manufacturing cost incurred ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be __________? A $57.21 per unit ✓ B $67.21 per unit ✓ C $77.21 per unit ✓ D $87.21 per unit ✓ AK Ali Khan 4 months ago
Accounting Medium If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________? A $38,500 ✓ B $48,500 ✓ C $58,500 ✓ D $13,500 ✓ AK Ali Khan 4 months ago
Accounting Medium The flexible budget amount is added in to fixed overhead flexible budget variance to calculate _____________? A incurred manufacturing ✓ B incurred production cost ✓ C actual incurred cost ✓ D incurred labor cost ✓ AK Ali Khan 4 months ago
Accounting Medium Usage of more resources to develop fundamental standards is classified as ____________? A potential budget response ✓ B potential management response ✓ C potential price response ✓ D potential cost response ✓ AK Ali Khan 4 months ago
Accounting Medium If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be _____________? A $34,000 ✓ B $24,000 ✓ C $16,000 ✓ D $18,000 ✓ AK Ali Khan 4 months ago