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Cost Accounting Mcqs
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Master Budget and Responsibility Accounting
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If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?
Related MCQs
The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as __________?
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The last step in developing operating budget is __________?
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The budget plan in many companies is also referred as __________?
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The cash receipts are added in to beginning cash balance to calculate __________?
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The schedule of expected disbursements and cash receipts is considered as __________?
The centers such as revenue, cost, investment and profit all are known as __________?
The cash sales, accounts receivables and rental receipts all are known as __________?
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 __________?
The balancing of all aspects of products or services and all the departments in the company are classified as __________?
The second step in developing operating budget is to __________?
The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as __________?
The what-if technique, which examines changes in results, if original prediction would not be achieved is called __________?
The master budget includes all the projections of company’s budget and focuses on __________?
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The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as __________?
The mathematical relationships exist between operating and financing activities that affect master budget are called __________?
The non-financial and financial aspects of the plan by the company management, is classified as __________?
An act of making sure, that all the employees must understand the goals is classified as __________?
The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as __________?
The financial statements and the budget plans of some companies are also called __________?
The budget, which predicts the effect of given level of operations on a cash position is classified as __________?
If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?
The focus on budget cost of all the activities necessary to sell and produce market offerings is known as _________?
The type of budget, which is always available for the specified period of future is called __________?
In master budgeting, the cost drivers for manufacturing overhead costs are __________?
The cost influences by the responsibility center manager who is considered as __________?
If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?
A. $5,000
B. $35,000
C. $15,000
D. $45,000
Correct Answer:
$35,000
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Last Updated:
May 11, 2023