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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..
Question: What is the break-even point in sales dollars if the fixed costs are $100,000 and the cont..
Question: If the budgeted fixed overhead is $200,000 and the actual fixed overhead is $210,000, what..
Question: Which of the following is NOT a component of a flexible budget?Options: Variable costsFixe..
Question: What is the primary focus of cost control in budgeting?Options: Maximizing revenueMinimizi..
Question: What is the contribution margin per unit if the selling price is $80 and variable costs ar..
Question: Which budgeting method involves preparing budgets based on the previous year\'s performanc..
Question: If a company has a budgeted profit of $30,000 and actual profit of $25,000, what is the pr..
Question: What is the break-even point in units if fixed costs are $100,000, variable cost per unit ..
Question: A company budgeted for $200,000 in production costs but incurred $220,000. What is the cos..
Question: What does a negative direct labor efficiency variance indicate?Options: Workers are more e..
Question: If a company has a contribution margin of $30 per unit and fixed costs of $150,000, how ma..
Question: What is the primary focus of variance analysis?Options: To determine the profitability of ..
Question: If a company has a budgeted overhead of $100,000 and actual overhead of $120,000, what is ..
