Budgetary Planning
 
  1. Question: The of budgeting include all but one of the following:

    A
    Management can plan ahead.

    B
    An early warining system is provided for potential problems.

    C
    It enables disciplinary action to be taken at every level of responsibility.

    D
    The coordination of activities is facilitated.

    Note: Not available
    1. Report
  2. Question: The essential of effective budgeting do not include:

    A
    top-down budgeting.

    B
    management accptance.

    C
    research and analysis.

    D
    sound organizational structure.

    Note: Not available
    1. Report
  3. Question: Compared to budgeting, long-range planning generally has the:

    A
    same amount of detail.

    B
    longer time period.

    C
    same emphasis.

    D
    same time period.

    Note: Not available
    1. Report
  4. Question: A sales budget is:

    A
    derived from the production budget.

    B
    management's best estimate of sales revenue for the year.

    C
    not the staring point for the master budget.

    D
    prepared only for credit sales.

    Note: Not available
    1. Report
  5. Question: The formula for the production budget is budgeted sales in units plus:

    A
    desired ending merchandise inventory less beginning merchandise inventory.

    B
    beginning finished goods units less desired ending finished goods units.

    C
    desired ending direct materials units less beginning direct materials units.

    D
    desired ending finished goods units less beginning finished goods units.

    Note: Not available
    1. Report
  6. Question: Direct materials inventories are kept in pounds in Byrd Company, and the total pounds of direct materials needed for production is 9,500. If the beginning inventory is 1,000 pounds and the desired ending inventory is 2,200 pounds, the total pounds to be purchased is:

    A
    9,400

    B
    9,700

    C
    9,500

    D
    10,700

    Note: Not available
    1. Report
  7. Question: The formula for computing the direct labor cost budget is to multiply the direct labor cost per hour by the:

    A
    total required direct labor hours.

    B
    physical units to be produced.

    C
    equivalent units to be produced.

    D
    None

    Note: Not available
    1. Report
  8. Question: Each of the following budget is used in preparing the budgeted income statement except the:

    A
    sales budget.

    B
    selling and administrative budget.

    C
    capital expenditure budget.

    D
    direct labor budget.

    Note: Not available
    1. Report
  9. Question: Expected direct materials purchase in Read Company are $70,000 in the second quarter. Forty percent of the purchase are paid in cash as incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the second quarter are:

    A
    $96,000

    B
    $78,000

    C
    $90,000

    D
    $72,000

    Note: Not available
    1. Report
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