MCQOPTIONS
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MCQOPTIONS
This section includes 56 Mcqs, each offering curated multiple-choice questions to sharpen your Cost Accounting knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Any output that has total positive sales is a |
| A. | joint product |
| B. | main product |
| C. | product |
| D. | all of above |
| Answer» E. | |
| 52. |
The difference between corresponding static budget and flexible budget amount is called |
| A. | sales volume variance |
| B. | sales mix variance |
| C. | sales quantity variance |
| D. | market share variance |
| Answer» B. sales mix variance | |
| 53. |
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 |
| Answer» D. static budget variance | |
| 54. |
In corporate costs, the costs incur for employee recruitment, development and training are classified as |
| A. | discretionary costs |
| B. | human resource management costs |
| C. | corporate administration costs |
| D. | treasury costs |
| Answer» C. corporate administration costs | |
| 55. |
In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as |
| A. | discretionary channel costs |
| B. | corporate-sustaining costs |
| C. | distribution-channel costs |
| D. | engineered resource costs |
| Answer» D. engineered resource costs | |
| 56. |
If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be |
| A. | $6,200 |
| B. | $1,700 |
| C. | $17,000 |
| D. | $4,500 |
| Answer» C. $17,000 | |