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MCQs

Total Questions : 195 | Page 12 of 20 pages
Question 111. The cost influences by the responsibility center manager who is considered as
  1.    manager cost
  2.    influential cost
  3.    center cost
  4.    controllable cost
 Discuss Question
Answer: Option D. -> controllable cost
Answer: (d).controllable cost
Question 112. In master budgeting, the cost drivers for manufacturing overhead costs are
  1.    direct manufacturing labor-hours
  2.    setup labor-hours
  3.    budgeted labor-hours
  4.    both a and b
 Discuss Question
Answer: Option D. -> both a and b
Answer: (d).both a and b
Question 113. If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be
  1.    $5,000
  2.    $35,000
  3.    $15,000
  4.    $45,000
 Discuss Question
Answer: Option B. -> $35,000
Answer: (b).$35,000
Question 114. The last step in developing operating budget is
  1.    implementing income
  2.    implementing the decision
  3.    efficient implementation
  4.    effective implementation
 Discuss Question
Answer: Option B. -> implementing the decision
Answer: (b).implementing the decision
Question 115. The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as
  1.    bill of materials
  2.    bill of sequence
  3.    bill of detail
  4.    bill of raw materials
 Discuss Question
Answer: Option A. -> bill of materials
Answer: (a).bill of materials
Question 116. The type of budget, which is always available for the specified period of future is called
  1.    period budget
  2.    batch budget
  3.    discontinued budget
  4.    continuous budget
 Discuss Question
Answer: Option D. -> continuous budget
Answer: (d).continuous budget
Question 117. The focus on budget cost of all the activities necessary to sell and produce market offerings is known as
  1.    cost based budgeting
  2.    activity based budgeting
  3.    production based budgeting
  4.    raw material budgeting
 Discuss Question
Answer: Option B. -> activity based budgeting
Answer: (b).activity based budgeting
Question 118. The plan of action; how an organization meets its opportunities and capabilities is classified as
  1.    action plan
  2.    strategy
  3.    step wise plan
  4.    complex plan
 Discuss Question
Answer: Option B. -> strategy
Answer: (b).strategy
Question 119. If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be
  1.    4000 units
  2.    5000 units
  3.    8000 units
  4.    10000 units
 Discuss Question
Answer: Option C. -> 8000 units
Answer: (c).8000 units
Question 120. The budgeted income statement and the supporting budget schedules are categorized under
  1.    focused statement
  2.    slack statement
  3.    budgeted income statement
  4.    operating budget
 Discuss Question
Answer: Option D. -> operating budget
Answer: (d).operating budget

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