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MCQs

Total Questions : 195 | Page 19 of 20 pages
Question 181. The balancing of all aspects of products or services and all the departments in the company are classified as
  1.    annual profit plan
  2.    budgeting
  3.    coordination
  4.    complex plan
 Discuss Question
Answer: Option C. -> coordination
Answer: (c).coordination
Question 182. The schedule of expected disbursements and cash receipts is considered as
  1.    planned schedule
  2.    cash budget
  3.    market budget
  4.    price schedule
 Discuss Question
Answer: Option B. -> cash budget
Answer: (b).cash budget
Question 183. If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be
  1.    11000 units
  2.    13000 units
  3.    10000 units
  4.    7000 units
 Discuss Question
Answer: Option D. -> 7000 units
Answer: (d).7000 units
Question 184. The centers such as revenue, cost, investment and profit all are known as
  1.    marketing center
  2.    financial center
  3.    responsibility center
  4.    planning center
 Discuss Question
Answer: Option C. -> responsibility center
Answer: (c).responsibility center
Question 185. The cash sales, accounts receivables and rental receipts all are known as
  1.    cash receipts
  2.    budget receipts
  3.    goods manufactured
  4.    total goods sold
 Discuss Question
Answer: Option A. -> cash receipts
Answer: (a).cash receipts
Question 186. In cost accounting, the goal of variance analysis is to
  1.    understand variance reason
  2.    improve future performance
  3.    learning of improvement
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 187. In management control, an efficiency variance is also referred as
  1.    control variance
  2.    uncontrolled variance
  3.    usage variance
  4.    effective variance
 Discuss Question
Answer: Option C. -> usage variance
Answer: (c).usage variance
Question 188. If an efficiency variance is 200 units and the actual input quantity is 750 units, then the budgeted input quantity will be
  1.    275 units
  2.    125 units
  3.    550 units
  4.    650 units
 Discuss Question
Answer: Option C. -> 550 units
Answer: (c).550 units
Question 189. The budgeted input quantity is added in to efficiency variance to calculate
  1.    actual input quantity
  2.    actual output quantity
  3.    actual input price
  4.    actual output price
 Discuss Question
Answer: Option A. -> actual input quantity
Answer: (a).actual input quantity
Question 190. If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be
  1.    $23,800
  2.    $11,200
  3.    $12,200
  4.    $13,200
 Discuss Question
Answer: Option B. -> $11,200
Answer: (b).$11,200

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