Accounting MCQs

1590 MCQs  (Page 134 of 159)

The capacity utilization of the business, to satisfy average customer’s demand, for current budget period of time is termed as ___________?
A. Master budget capacity utilization
B. Finite cost utilization
C. Infinite cost utilization
D. Infinite budget capacity utilization
An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as __________?
A. Unadjusted cost approach
B. Adjusted allocation rate approach
C. Unadjusted allocation approach
D. Adjusted cost approach
The fixed rate of calculation is based on the _________?
A. Capacity used
B. Capacity available
C. Capacity utilization
D. Downward demand
An approach used for choosing capacity level, having no beginning inventory, is classified as __________?
A. Write off variance approach
B. Write in variance approach
C. Adjusted variance approach
D. Unadjusted variance approach
In absorption costing, an effect on cost volume profit relationship is driven by __________?
A. Unit level of production
B. Unit level of sales
C. Chosen denominator level
D. All of above