A. must
B. not a must
C. non-inventoriable
D. inventoriable
Related Mcqs:
- The production volume variance under absorption costing:
A. must be inventoriable
B. must exist
C. must not exist
D. non-inventoriable - Under absorption costing, the magnitude for favorable volume production variance is affected by the choice of _________?
A. unplanned level
B. budgeting level
C. numerator level
D. denominator level - The variance which is included in absorption costing, but not in variable costing is classified as __________?
A. production volume variance
B. cost volume variance
C. profit volume variance
D. fixed cost variance - If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?
A. production exceeds breakeven sales
B. breakeven sales exceeds production
C. price exceeds cost
D. cost exceeds price - If the production is less than sales, then operating income under variable costing is __________?
A. negative income value
B. lower income
C. higher income
D. zero dividends - If the production is greater than sales, then operating income under variable costing is _________?
A. negative income value
B. lower income
C. higher income
D. zero dividends - The costing system, which is a combination of process costing and job costing system, is classified as __________?
A. weighted costing system
B. average costing system
C. hybrid costing system
D. double costing system - In variable costing, an effect on cost volume profit relationship is driven by __________?
A. unit level of sales
B. unit level of production
C. unit level of inventory
D. unit dividends - In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?
A. distinction
B. similarities
C. increase in units
D. decrease in units - If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be __________?
A. $182,500
B. $152,500
C. $162,500
D. $172,500
