Q.1
An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as
Q.2
Manager who is responsible for investments of company, its costs and revenues is known as
Q.3
If static budget amount is $6000 and flexible budget amount is $15000, then sales volume variance will be
Q.4
An approach in which company under-costs it's one product and over-costs at least one product is classified as
Q.5
In an activity based costing implementation, product's diverse demand is based on
Q.6
Broad's average use to assign cost of revenue to cost objects will be classified as
Q.7
Costs of all activities for a group of products, rather than individual product can be classified as
Q.8
Number of units are 5000 and per unit price is $60, then flexible budget variable would be
Q.9
If flexible budget amount is $82000 and actual result is $45000 then flexible budget amount will be
Q.10
Difference between flexible budget amount and corresponding static budget amount is classified as
Q.11
Difference between flexible budget amount and corresponding actual result is called
Q.12
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
Q.13
If flexible budget amount is $62000 and an actual result is $35000, then flexible budget amount would be
Q.14
Flexible budget amount is added to flexible budget variance to calculate
Q.15
Factors that accelerate process of refining a costing system include
Q.16
Cost pool category, which have similar cause and effect relationship, with each cost driver uses as an allocation base is classified as
Q.17
Budgeted total cost in indirect cost pool is divided by budgeted total quantity of cost allocation base is to calculate by
Q.18
In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as
Q.19
Product which requires low amount of resources, but incur high per unit cost is classified as
Q.20
In activity based costing system, description of activity can be classified as
Q.21
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then selling price variance will be
Q.22
If number of units are 3000 and per unit price is $500, then flexible budget variable will be
Q.23
Number of units are multiplied to per unit price, to calculate
Q.24
Budget which calculates expected revenues and expected costs, based on actual output quantity is named as
Q.25
Flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be
Q.26
Static budget amount is subtracted from flexible budget amount to calculate the
Q.27
If sales budget variance is $57000 and flexible budget amount is $97000, then static budget amount will be
Q.28
In activity based costing method implementation, indirect costs are allocated by using the
Q.29
Costing system, in which individual activities are identified as cost object is considered as
Q.30
Type of costs that cannot be traced for individual products but help in supporting an organization are classified as
Q.31
Costs of all activities for individual products or services can be called
Q.32
If static budget amount is $9000, flexible budget amount is $20000, then sales volume variance will be
Q.33
If static budget is $208000 and flexible budget amount is $305000, then sales budget variance will be
Q.34
Chances of cost to be considered as variable are more, if the
Q.35
If actual result is $25000 and flexible budget amount is $11000, then flexible budget amount is
Q.36
If flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be
Q.37
Subtracted flexible budget amount can form an actual result to calculate
Q.38
If sales budget variance for operating income is $68000 and static budget amount is $19000, then flexible budget amount will be
Q.39
Flexible budget variance for revenues of company is classified as
Q.40
If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be
Q.41
If actual result is $26000, flexible budget amount is $13000, then flexible budget amount will be
Q.42
If budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then budgeted indirect cost rate would be
Q.43
Total cost of producing similar products divided by number of units produced is a technique known as
Q.44
In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate
Q.45
If budgeted indirect cost base is $115 and budgeted cost allocation base is $830 per hour, then annual indirect cost (budgeted) will be
Q.46
If budgeted annual manufacturing indirect cost is $2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be
Q.47
In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as
Q.48
Sales budget variance is subtracted from flexible budget amount to calculate
Q.49
Considering relationship of variables, relationship in which activity cost is included in dependent variable, which has similar cost driver is classified as
Q.50
Method which considers lowest and highest values of cost driver and cost within relevant range is called
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