The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as __________?

Related Mcqs:

1. If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be __________?

   A. $2,500
   B. $5,500
   C. $3,500
   D. $2,000

2. 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

3. If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be ___________?

   A. $2,500
   B. $5,500
   C. $3,500
   D. $2,000

4. 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

5. An analysis and reporting of revenues earned, and the incurred costs to earn these revenues from customers is classified as __________?

   A. partial productivity analysis
   B. treasury cost analysis
   C. customer profitability analysis
   D. customer cost analysis

6. If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be __________?

   A. $60
   B. $90
   C. $80
   D. $70

7. The method, which calculates the time to recoup initial investment of project in form of expected cash flows is known as __________?

   A. net value cash flow method
   B. payback method
   C. single cash flow method
   D. lean cash flow method

8. The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate ___________?

   A. efficiency deviation
   B. efficiency variance
   C. budgeted variance
   D. usage variance

9. The budget, which highlights the difference between actual quantity and budgeted quantity is termed as _____________?

   A. actual cost budget
   B. flexible budget variance
   C. inflexible budget
   D. hourly budget

10. 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