The higher and accurate budgeted profit forecast of managers lead to __________?
A. high incentive bonus B. low incentive bonus C. influence bonus D. revenue bonus
Accounting MCQs with Answers
The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?
A. budget production B. planned production C. setup production D. stand by production
The budgeted income statement and the supporting budget schedules are categorized under _____________?
A. focused statement B. slack statement C. budgeted income statement D. operating budget
The plan of action; how an organization meets its opportunities and capabilities is classified as ___________?
A. action plan B. strategy C. step wise plan D. complex plan
The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?
A. bill of materials B. bill of sequence C. bill of detail D. bill of raw materials
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
The third step in developing operating budget is ____________?
A. analysis of batches B. analysis of batches C. analysis of products D. making predictions about future
The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as ___________?
A. financial budget B. capital budget C. cash flows budget D. balanced budget
The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?
A. anticipated budgeting B. number budgeting C. predict budgeting D. kaizen budgeting
The depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a _____________?
A. fixed batch cost B. variable batch cost C. variable overhead cost D. fixed overhead cost