Which is NOT a component of the master budget?
(Points : 3)
 Sales budget
 Capital budget
 Cost of goods sold budget
 Budget to actual variance analysis

2.
(TCO 5) The
budgets that are comprehensive financial plans made up of various
individual departmental and activity budgets are the
(Points : 3)

 operating budgets.
 master budgets.
 financial budgets.
 continuous budgets.

3.
(TCO 5) Which is responsible for directing and coordinating the overall budgeting process?
(Points : 3)

 Budget committee
 Budget director
 President
 Treasurer

4.
(TCO 5) Which is a financial budget?
(Points : 3)

 Cost of goods sold budget
 Budgeted balance sheet
 Marketing expense budget
 Production budget

5.
(TCO 5) A budget that is developed around the actual level of activity is
(Points : 3)

 a static budget.
 a continuous budget.
 a flexible budget.
 None of the above

6.
(TCO 5) A budget that is developed around one particular level of activity is
(Points : 3)

 a static budget.
 a continuous budget.
 an incremental budget.
 None of the above

7.
(TCO 5) Volume variances examine differences between
(Points : 3)

 the static budget and actual costs.
 the flexible budget and the static budget.
 the static budget and the rolling budget.
 None of the above

8.
(TCO 5) The ideal budget system creates
(Points : 3)

 extreme caution in managers.
 drive and risk avoidance in managers.
 drive and goal congruence in managers.
 None of the above

9.
(TCO 5) Participative budgeting has which potential problem?
(Points : 3)

 Building slack into a budget
 Encouraging individual behavior that is in basic conflict with the goals of the organization
 Using budgets as a part of performance evaluations, which could lead to unethical behavior
 Managers taking action that will improve performance in the short run but has long-term consequences

10.
(TCO 5) Bored Manufacturing has projected the following.

Units to be produced

2,000

Direct materials

4 pounds at $5

$20

Direct labor

1 hour at $8

$8

Variable overhead

75% of direct labor

Fixed overhead

50% of direct labor

 
Which is the total amount of overhead included in the overhead budget?
(Points : 3)

 $12,000
 $8,000
 $30,000
 $20,000




Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.