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Question: In a variance analysis, what does a favorable variance indicate?Options: Costs are higher ..
Question: What is the formula for calculating the direct materials price variance?Options: (Actual P..
Question: A company has a budgeted sales volume of 10,000 units at $20 each. If actual sales are 9,0..
Question: If a company has a standard cost of $50 per unit and produces 1,000 units, what is the tot..
Question: What is the primary purpose of a flexible budget?Options: To compare actual costs to stand..
Question: If a company has a budgeted profit of $100,000 and an actual profit of $80,000, what is th..
Question: Which of the following is NOT a component of a master budget?Options: Operating budgetFina..
Question: What is the main focus of flexible budgeting?Options: To compare actual costs with fixed c..
Question: If the budgeted overhead is $200,000 and the actual overhead is $220,000, what is the over..
Question: In variance analysis, what is the formula for calculating the material price variance?Opti..
Question: What does a favorable variance indicate?Options: Costs are higher than budgetedSales are l..
Question: Which of the following is a fixed cost in a manufacturing budget?Options: Raw materialsDir..
Question: If a company has a budgeted sales of $500,000 and actual sales of $450,000, what is the sa..
Question: What is the primary purpose of budgeting in an organization?Options: To increase sales rev..
Question: In a flexible budget, what remains constant regardless of the level of activity?Options: V..
Question: What does the term \'cost driver\' refer to in activity-based costing?Options: A factor th..
Question: Which budgeting approach starts with the previous year\'s budget and adjusts for changes?O..
Question: If a company has fixed costs of $50,000 and a contribution margin of $20 per unit, how man..
Question: What is the primary focus of cost control?Options: Maximizing revenueMinimizing costsIncre..
Question: Which of the following is NOT a component of total cost in marginal costing?Options: Direc..
Question: What is the break-even point in CVP analysis?Options: The point where total revenue equals..
Question: In variance analysis, what does a favorable variance indicate?Options: Higher costs than b..
Question: Which costing method assigns all manufacturing costs to the product?Options: Variable cost..
Question: What is the primary purpose of budgeting in management accounting?Options: To increase sal..
Question: Which management principle suggests that employees should report to only one manager?Optio..
Question: What is a key characteristic of entrepreneurial leadership?Options: Risk aversionInnovatio..
Question: What is the main focus of marketing in a business?Options: Product developmentCustomer sat..
Question: In the context of planning, what does SWOT analysis stand for?Options: Strengths, Weakness..
Question: Which of the following is an example of an entrepreneurial trait?Options: Risk aversionCre..
Question: What is the primary focus of marketing management?Options: Product developmentCustomer sat..
