Search
Question: In marginal costing, which costs are treated as period costs?Options: Fixed manufacturing ..
Question: Which of the following is NOT a component of total cost in cost control?Options: Direct ma..
Question: Which costing method includes both fixed and variable costs in product costs?Options: Marg..
Question: In a flexible budget, costs are adjusted based on what factor?Options: Fixed costs onlyVar..
Question: Which of the following best describes the term \'opportunity cost\'?Options: The cost of t..
Question: What is the primary difference between direct and indirect costs?Options: Direct costs can..
Question: Which of the following is a key component of cost control?Options: Setting performance sta..
Question: What does CVP analysis primarily help management to determine?Options: The total cost of p..
Question: In marginal costing, which of the following costs is treated as a period cost?Options: Dir..
Question: Which costing method is most appropriate for a company that produces custom-made products?..
Question: What is the main focus of variance analysis?Options: To compare actual costs to budgeted c..
Question: In a flexible budget, costs are adjusted based on which of the following?Options: Actual s..
Question: What is the primary purpose of cost classification in management accounting?Options: To de..
Question: What is the main difference between direct and indirect costs?Options: Direct costs are va..
Question: Which of the following costs would be classified as a direct cost for a manufacturing comp..
Question: What is the term for costs that are incurred regardless of the level of production?Options..
Question: Which of the following is NOT a characteristic of fixed costs?Options: Remain constant in ..
Question: What type of cost is associated with the production of goods but cannot be directly traced..
Question: Which of the following costs would be classified as a mixed cost?Options: Electricity bill..
Question: What is the primary purpose of cost classification?Options: To increase salesTo determine ..
Question: In cost classification, which term refers to costs that can be traced directly to a specif..
Question: Which of the following is an example of a variable cost?Options: RentDirect MaterialsSalar..
Question: What type of cost remains constant in total regardless of changes in the level of activity..
Question: If a company has a budgeted cost of $100,000 and an actual cost of $90,000, what is the co..
Question: In variance analysis, what does a negative variance indicate?Options: Better performance t..
Question: If a company has a contribution margin of $30 per unit and fixed costs of $150,000, how ma..
Question: What is the formula for calculating the variance in a flexible budget?Options: Actual Cost..
Question: A company budgeted $200,000 for production costs but incurred $220,000. What is the varian..
Question: If a company has a flexible budget for 10,000 units at $5 per unit, what is the total budg..
Question: If a company has a budgeted profit of $50,000 and an actual profit of $30,000, what is the..
