Lecturer Commerce Most Important MCQs Online Test No. 48

The fixed variable cost classification has a special significance in the preparation of:

Calendar variance is sub-variance of:

The cost of a product as determined under standard cost system is:

A ............ is a prediction of what will happen as a result of a given set of circumstances.

Which of the following variances is always favourable:

In evaluation deviations of actual from standard cost, the probable technique used is:

If a company wishes to establish a factory overhead budget system in which estimated costs can be derived directly from estimates of activity levels, it should prepare a:

Total sales margin variance is the difference between:

Material mix variance is a sub-variance of:

Which of the following standards can be attained under the most favourable conditions possible?

Overhead Budget Variance is a sub-variance of:

Which of the following is usually a long term budget?

Which of the following variances is always adverse:

One of the most important tools of cost planning is:

Overhead cost variance may be analysed into:

The budget that is set first and all the other budgets are subordinate to it is:

A budget representing fixed assets expenditure during the budget period is:

A budget which lays more stress on control aspect is a:

A budget that gives a summary of all the functional budgets and projected profit and loss account is known as:

The type of variance not computed for factory overhead is:

Idle time a variance is a sub-variance of:

Standard cost are useful in all of the following except:

A ......... is a planned result that an enterprise aims to attain.

Standard costing can be used along with:

The type of standard that is best suited from cost control point of view is: