Kết quả tìm kiếm

261. Refer to Figure 8-8. The static budget variance for total variable costs is a. $90 U b. $180 U c. $790 F d. $880 F Actual $10,650 Budget 11,440 Variance $ 790 F 262. Refer to Figure 8-8. The total flexible budgeted costs for 2016 are a. $10,560 b. $13,460 c. $13,510 d. $15,220 $2,900 +...

251. Refer to Figure 8-7. What is the balance of the cash account at the end of July? a. $8,500 b. $15,500 c. $62,500 d. $114,000 $25,000 + $72,000 + $110,000 – $45,000 – 56,500 – 43,000 = $62,500 252. Refer to Figure 8-7. What are the total assets at the end of July? a. $439,000 b. $446,500...

Figure 8-5 The following forecasted sales pertain to Spyware Corporation: Month Sales September $40,000 October 50,000 November 30,000 December 20,000 Collection pattern: 65 percent in month of sale 35 percent in month following sale Accounts receivable as of August 31 $7,000 Finished goods...

231. Which of the following is a financial budget? a. cost of goods sold budget b. budgeted balance sheet c. marketing expense budget d. production budget 232. Mikhail Corporation has the following sales forecasts for the first three months of 2016: Month Sales January $36,000 February 24,000...

221. Colorado Corporation has the following sales forecast for the next quarter: July, 4,000 units; August, 4,800 units; September, 5,600 units Sales totaled 3,200 units in June. The June ending finished goods inventory was 800 units. End-of-month finished goods inventory levels are planned to...

Figure 8-3 Roaming Vehicles Company manufactures buggies. Manufacturing a buggy takes 20 units of wood and 1 unit of steel. Scheduled production of buggies for the next two months is 500 and 600 units, respectively. Beginning inventory is 4,000 units of wood and 30 units of steel. The ending...

201. Molina Company has the following sales forecast for the next quarter: April, 20,000 units; May, 24,000 units; June, 28,000 units. Sales totaled 16,000 units in March. The March finished goods inventory was 4,000 units. End-ofmonth finished goods inventory levels are planned to be equal to...

191. Wheeling Company produces and sells bikes. It expects to sell 20,000 bikes in April 2016 and had 1,200 bikes in finished goods inventory at the end of March 2016. Wheeling Company would like to complete operations in April with at least 1,500 completed bikes in inventory. The bikes sell for...

181. The process of setting standards, receiving feedback on actual performance, and taking corrective action whenever actual performance deviates significantly from planned performance. a. Control b. Monitoring c. Eye balling d. Comparing 182. Which of the following factors is NOT an advantage...

171. Volume variances examine differences between the __flexible___budget and the ___static___ budget. 172. The budgeting that recognizes interdependencies among departments is called___activity-based__budgeting. 173. Activity-based budgets also focus on ____business___ processes. 174. When...

161. The quantitative expressions of plans stated in either physical or financial terms are called __budgets__ 162. The process of setting standards, receiving feedback, and taking corrective action whenever performance deviates from standards is called _control_ 163. The body responsible for...

151. A static budget is one developed for a single level of activity. a. True b. False 152. Static budgets show costs for varying levels of activities. a. True b. False 153. A flexible budget is sometimes referred to as a variable budget. a. True b. False 154. A flexible budget compares...

141. The sales forecast is the basis for the sales budget. a. True b. False 142. The sales budget shows the expected sales quantity and price of each product or service. a. True b. False 143. The first section of the master budget is the financial budget. a. True b. False 144. The production...

131. The A Company prepares a cash budget for the year 20x2. The balance in trades receivable on 1/1/20x2 is $460,000. The budgeted sales for the year 20x2 is $5,400,000, evenly estimated each month of the year. Sales at A company are normally collected as follows: 20% in the month of sale; 80%...

121. Mathew Corporation has the information of quality cost for the year 20x0 as follows: Cost of quality ($) Quality engineering: 70,000 Lost contribution margin from current and future sales: 1,200,000 Laboratory testing: 60,000 Downtime: 100,000 Quality improvement plans: 40,000 Servicing...

111. Daisy Co wishes to minimise its inventory costs of material X. Ordering costs are $10 per order and holding costs are $1.2 per unit per year. Daisy Co estimates annual demand for this material to be 5,400 units. This material has a lead time of 2 weeks and has a usage during the lead time...

101. The responsibility accounting system is used to: a. Evaluate management responsibilities and performance results of each department in achieving the common goals of the whole enterprise b. Evaluating management responsibility of responsibility centers' managers c. Evaluate the performance...

91. Given the following statements: (i): ROI and RI are tools for evaluating the performance of a profit centre (ii): Net income is a tool to evaluate management performance of divisional managers. (iii): For long-term decision about which segment should be expanded its production and sales to...

81. If the operating asset turnover increased by 50 percent and the margin increased by 50 percent, the ROI would increase by a 25% b.125% c. 50% d. 100% 1.50 x 1.50 2.25 or 125% increase ROI Margin x Turnover 82. When machine hours are used as cost allocation base, the item most likely to...

71. Colina Production Company uses a standard costing system. The following information pertains to 2014. Direct labor hours is the driver used to assign overhead costs to products. Actual production 5,500 units Actual factory overhead costs ($16,500 is fixed) $40,125 Actual direct labor costs...