2654803
Pregunta 1
Pregunta
The budget or schedule that provides necessary input data for the direct labor budget is the
Respuesta
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Raw materials purchases budget
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Production budget
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schedule of cash collections
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cash budget
Pregunta 2
Pregunta
Which of the following budgets are prepared before the sales budget
Respuesta
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Choice A
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Choice B
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Choice C
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Choice D
Pregunta 3
Pregunta
The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows
Respuesta
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The beginning balance less the expected cash receipts less the expected cash disbursements.
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The cash available less the expected cash receipts plus the expected cash disbursements.
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The beginning balance plus the expected cash receipts less the expected cash disbursements.
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None of these
Pregunta 4
Pregunta
What are the 3 ways that Activity Based Costing differs from Traditional Costing?
Respuesta
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ABC assigns both types of costs to products
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ABC does not assign all manufacturing costs to products
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Traditional Costing is more precise
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ABC uses more cost pools
Pregunta 5
Pregunta
In ABC both manufacturing and non manufacturing costs are assigned to products (only on cause-and-effect basis).
Respuesta
- True
- False
Pregunta 6
Pregunta
ABC assigns ALL manufacturing and ALL non manufacturing costs.
Respuesta
- True
- False
Pregunta 7
Pregunta
An event that causes the consumption of overhead resources.
Respuesta
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Costing
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Activity
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Budgeting
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Planning
Pregunta 8
Pregunta
A "cost bucket" in which costs related to a single activity measure are accumulated.
Respuesta
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Activity
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Costing
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Cost pool
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Budget
Pregunta 9
Pregunta
An allocation base in an activity-based costing system.
Respuesta
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Activity Cost Pool
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Labor Hours
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Activity Measure
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Cost system
Pregunta 10
Pregunta
Simple count of the number of times an activity occurs
Respuesta
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Transaction driver
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Duration driver
Pregunta 11
Pregunta
A measure of the amount of time needed for an activity
Respuesta
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Transaction driver
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Duration driver
Pregunta 12
Pregunta
Activity Based Costing relies only on allocation bases that are driven by the volume of production
Respuesta
- True
- False
Pregunta 13
Pregunta
providing power to run processing equipment would be a(n)
Respuesta
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Unit-Level Activity
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Batch-Level Activity
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Customer-Level Activity
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Organization-sustaining Activity
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Product-Level Activity
Pregunta 14
Pregunta
setting up equipment and shipping customer orders are
Respuesta
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Unity-Level Activity
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Batch-Level Activity
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Customer-Level Activity
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Organization-sustaining Activity
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Product-Level Activity
Pregunta 15
Pregunta
designing or advertising a product would be:
Respuesta
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Unit-Level Activity
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Batch-Level Activity
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Customer-Level Activity
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Organization-sustaining Activity
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Product Level Activity
Pregunta 16
Pregunta
sales calls and catalog mailings would be
Respuesta
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Unity-Level Activity
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Batch-Level Activity
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Customer-Level Activity
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Organization-sustaining Activity
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Product-Level Activity
Pregunta 17
Pregunta
heating a factory and cleaning executive offices are
Respuesta
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Unit-Level Activity
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Batch-Level Activity
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Product-Level Activity
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Organization-sustaining activity
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Customer-Level Activity
Pregunta 18
Pregunta
What is not a reason that companies may not use ABC for external reporting?
Respuesta
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External reports are less detailed than internal reports
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it may be difficult to make changes to the company's accounting system
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ABC does not conform to GAAP (therefore 2 systems would be required)
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Auditors may be suspect of the subjective allocation process based on interviews with employees
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Costs are made less accurate
Pregunta 19
Pregunta
Ordinarily cover a one-year period corresponding to a company’s fiscal year. Many companies divide their annual budget into four quarters
Respuesta
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Operating Budget
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Perpetual Budget
Pregunta 20
Pregunta
12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. This approach keeps managers focused on the future at least one year ahead.
Respuesta
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Operating budget
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Perpetual budget
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