Flexible Budget And Management Control MCQs

Option A: $43,000

Option B: $73,000

Option C: $63,000

Option D: $53,000

Correct Answer: $73,000 ✔

Option A: $97,000

Option B: $87,000

Option C: $27,000

Option D: $37,000

Correct Answer: $37,000 ✔

Option A: $27,000

Option B: $15,000

Option C: $39,000

Option D: $49,000

Correct Answer: $39,000 ✔

Option A: $144,000

Option B: $134,000

Option C: $124,000

Option D: $30,000

Correct Answer: $30,000 ✔

Option A: $40,000

Option B: $154,000

Option C: $164,000

Option D: $124,000

Correct Answer: $40,000 ✔

Option A: $61,000

Option B: $71,000

Option C: $43,000

Option D: $24,000

Correct Answer: $71,000 ✔

Option A: $27,000

Option B: $37,000

Option C: $97,000

Option D: $87,000

Correct Answer: $27,000 ✔

Option A: profit variance

Option B: investment variance

Option C: cost variance

Option D: selling price variance

Correct Answer: selling price variance ✔

Option A: corresponding variance

Option B: resultant variance

Option C: flexible budget variance

Option D: static budget variance

Correct Answer: flexible budget variance ✔

Option A: sales budget variance

Option B: cost budget variance

Option C: resultant budget variance

Option D: static budget variance

Correct Answer: sales budget variance ✔

Option A: static result

Option B: actual result

Option C: secondary result

Option D: primary result

Correct Answer: actual result ✔

Option A: $47,000

Option B: $57,000

Option C: $87,000

Option D: $97,000

Correct Answer: $87,000 ✔

Option A: unstated budget variance

Option B: flexible budget variance

Option C: constant budget variance

Option D: static budget variance

Correct Answer: flexible budget variance ✔

Option A: $67,000

Option B: $97,000

Option C: $57,000

Option D: $47,000

Correct Answer: $97,000 ✔

Option A: $39,000

Option B: $49,000

Option C: $13,000

Option D: $15,000

Correct Answer: $13,000 ✔

Option A: selling price variance

Option B: investment variance

Option C: profit variance

Option D: primary variance

Correct Answer: selling price variance ✔

Option A: $29,000

Option B: $11,000

Option C: $15,000

Option D: $10,000

Correct Answer: $11,000 ✔

Option A: $87,500

Option B: $97,500

Option C: $67,500

Option D: $57,500

Correct Answer: $87,500 ✔

Option A: $36,000

Option B: $46,000

Option C: $56,000

Option D: $14,000

Correct Answer: $14,000 ✔

Option A: $9,000

Option B: $8,000

Option C: $12,000

Option D: $21,000

Correct Answer: $9,000 ✔

Option A: $1,500,000

Option B: $2,500,000

Option C: $3,500,000

Option D: $4,500,000

Correct Answer: $1,500,000 ✔

Option A: $45,000

Option B: $55,000

Option C: $75,000

Option D: $65,000

Correct Answer: $75,000 ✔

Option A: $5,000,000

Option B: $3,000,000

Option C: $2,000,000

Option D: $1,000,000

Correct Answer: $3,000,000 ✔

Option A: flexible budget

Option B: fixed budget

Option C: variable budget

Option D: multiplied budget

Correct Answer: flexible budget ✔

Option A: multiple budget variable

Option B: fixed budget variable

Option C: flexible budget variable

Option D: constant budget

Correct Answer: flexible budget variable ✔

Option A: multiple budget variable

Option B: fixed budget variable

Option C: flexible budget variable

Option D: constant budget

Correct Answer: flexible budget variable ✔

Option A: $215,000

Option B: $315,000

Option C: $415,000

Option D: $515,000

Correct Answer: $215,000 ✔

Option A: sales revenue variance

Option B: cost profit variance

Option C: profit volume variance

Option D: sales volume variance

Correct Answer: sales volume variance ✔