Overhead Cost Variances And Management Control MCQs

Option A: flexible costs

Option B: variable costs

Option C: overhead costs

Option D: fixed costs

Correct Answer: overhead costs ✔

Option A: variable overhead cost

Option B: fixed overhead cost

Option C: fixed batch cost

Option D: variable batch cost

Correct Answer: variable overhead cost ✔

Option A: variable overhead cost

Option B: fixed overhead cost

Option C: fixed batch cost

Option D: variable batch cost

Correct Answer: variable overhead cost ✔

Option A: $15,000

Option B: $35,000

Option C: $65,000

Option D: $75,000

Correct Answer: $65,000 ✔

Option A: actual cost budget

Option B: flexible budget variance

Option C: inflexible budget

Option D: hourly budget

Correct Answer: flexible budget variance ✔

Option A: overhead flexible budget variance

Option B: overhead fixed budget variance

Option C: overhead flexible cost variance

Option D: overhead flexible price variance

Correct Answer: overhead flexible budget variance ✔

Option A: machine hours

Option B: flexible hours

Option C: variable hours

Option D: fixed hours

Correct Answer: machine hours ✔

Option A: constant costing

Option B: standard costing

Option C: unit costing

Option D: batch costing

Correct Answer: standard costing ✔

Option A: manufacturing costs incurred

Option B: variable costs incurred

Option C: fixed costs incurred

Option D: actual costs incurred

Correct Answer: actual costs incurred ✔

Option A: fixed batch cost

Option B: variable batch cost

Option C: variable overhead cost

Option D: fixed overhead cost

Correct Answer: fixed overhead cost ✔