2654803
Questão 1
Questão
The budget or schedule that provides necessary input data for the direct labor budget is the
Responda
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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
Questão 2
Questão
Which of the following budgets are prepared before the sales budget
Responda
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Choice A
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Choice B
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Choice C
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Choice D
Questão 3
Questão
The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows
Responda
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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
Questão 4
Questão
What are the 3 ways that Activity Based Costing differs from Traditional Costing?
Responda
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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
Questão 5
Questão
In ABC both manufacturing and non manufacturing costs are assigned to products (only on cause-and-effect basis).
Responda
- True
- False
Questão 6
Questão
ABC assigns ALL manufacturing and ALL non manufacturing costs.
Responda
- True
- False
Questão 7
Questão
An event that causes the consumption of overhead resources.
Responda
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Costing
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Activity
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Budgeting
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Planning
Questão 8
Questão
A "cost bucket" in which costs related to a single activity measure are accumulated.
Responda
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Activity
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Costing
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Cost pool
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Budget
Questão 9
Questão
An allocation base in an activity-based costing system.
Responda
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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
Questão 10
Questão
Simple count of the number of times an activity occurs
Responda
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Transaction driver
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Duration driver
Questão 11
Questão
A measure of the amount of time needed for an activity
Responda
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Transaction driver
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Duration driver
Questão 12
Questão
Activity Based Costing relies only on allocation bases that are driven by the volume of production
Responda
- True
- False
Questão 13
Questão
providing power to run processing equipment would be a(n)
Responda
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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
Questão 14
Questão
setting up equipment and shipping customer orders are
Responda
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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
Questão 15
Questão
designing or advertising a product would be:
Responda
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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
Questão 16
Questão
sales calls and catalog mailings would be
Responda
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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
Questão 17
Questão
heating a factory and cleaning executive offices are
Responda
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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
Questão 18
Questão
What is not a reason that companies may not use ABC for external reporting?
Responda
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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
Questão 19
Questão
Ordinarily cover a one-year period corresponding to a company’s fiscal year. Many companies divide their annual budget into four quarters
Responda
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Operating Budget
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Perpetual Budget
Questão 20
Questão
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.
Responda
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Operating budget
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Perpetual budget
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