Related Mcqs:

1. A document which contains information about the materials of specific product, in specific department comes under __________?

   A. costing method
   B. selling method
   C. material acquisition method
   D. none of above

2. 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

3. An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as _________?

   A. direct material costs
   B. indirect material costs
   C. direct labor costs
   D. indirect labor costs

4. A document which consists information about labor time usage, for specific job in a specific department, is known as __________?

   A. selling time record
   B. labor time record
   C. buying time record
   D. direct time record

5. The quantity of produced output is divided by quantity of used input to calculate __________?

   A. targeted productivity
   B. total factor productivity
   C. partial productivity
   D. unused productivity

6. If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be __________?

   A. variable growth of company
   B. constant growth of company
   C. company is inefficient
   D. company is efficient

7. If the budgeted price of input is $50, actual quantity of input is 150 units and the allowed budgeted quantity of input is 60 units then efficiency variance will be __________?

   A. $4,500
   B. $3,500
   C. $2,500
   D. $1,500

8. An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?

   A. 300 units
   B. 700 units
   C. 800 units
   D. 500 units

9. If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be __________?

   A. 4500 units
   B. 5500 units
   C. 8500 units
   D. 9500 units

10. 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