A. contribution
B. certainty
C. uncertainty
D. margin
Related Mcqs:
- An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?
A. benefit approach
B. cost approach
C. cost-benefit approach
D. accounting approach - In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as ____________?
A. under allocated indirect cost
B. over allocated direct cost
C. over allocated budget
D. under allocated budget - In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?
A. over allocated budget
B. under allocated budget
C. under allocated indirect cost
D. over allocated direct cost - The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as __________?
A. flexible budget
B. fixed budget
C. variable budget
D. multiplied budget - 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 - In actual costing, an actual quantity of used inputs are multiplied with actual prices to calculate: ___________?
A. fixed direct manufacturing cost
B. variable direct manufacturing cost
C. fixed indirect manufacturing cost
D. variable indirect manufacturing cost - The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as __________?
A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance - The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as ____________?
A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance - An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?
A. external accounting
B. internal accounting
C. business accounting
D. financial accounting - In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method
