Budgetary Planning, Accounting

Budgetary Planning

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
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
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
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
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
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
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
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
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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Question: The of budgeting include all but one of the following:

Question: The essential of effective budgeting do not include:

Question: Compared to budgeting, long-range planning generally has the:

Question: A sales budget is:

Question: The formula for the production budget is budgeted sales in units plus:

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:

Question: The formula for computing the direct labor cost budget is to multiply the direct labor cost per hour by the:

Question: Each of the following budget is used in preparing the budgeted income statement except the:

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: