Quiz
topics 4
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Fragen in diesem Quiz (30)
1The purpose of a flexible budget is to:
- Aremove items from performance reports that are not controllable by managers.
- Bpermit managers to reduce the number of unfavorable variances that are reported.
- Cupdate the static planning budget to reflect the actual level of activity of the period.
- Dreduce the amount of conflict between departments when the master budget is prepared
2A static budget:
- Ashould be compared to actual costs to assess how well costs were controlled.
- Bshould be compared to a flexible budget to assess how well costs were controlled
- Cis valid for only one level of activity.
- Drepresents the best way to set spending targets for managers
3In computing the margin in a ROI analysis, which of the following is used?
- ASales in the denominator
- BNet operating income in the denominator
- CAverage operating assets in the denominator
- DResidual income in the denominator
4Which of the following will not result in an increase in the residual income, assuming other factors remain constant?
- AAn increase in sales
- BAn increase in the minimum required rate of return
- CA decrease in expenses
- DA decrease in operating assets
5All other things the same, which of the following would increase residual income?
- AIncrease in average operating assets
- BDecrease in average operating assets
- CIncrease in minimum required return
- DDecrease in net operating income
6Which of the following three statements are correct?
- AA profit center has control over both cost and revenue
- BAn investment center has control over invested funds, but not over costs and revenue
- CA cost center has no control over sales.
7The purpose of the Data Processing Department of Falena Corporation is to assist the various departments of the corporation with their information needs free of charge. The Data Processing Department would best be evaluated as a:
- ACost center
- BRevenue center
- Cprofit center
- Dinvestment center
8Actual Revenues > Budgeted Revenues
- AFavorable
- BUnfavorable
9Actual Revenues < Budgeted Revenues
- AFavorable
- BUnfavorable
10Actual Expenses > Budgeted Expenses
- AFavorable
- BUnfavorable
11Actual Expenses < Budgeted Expenses
- AFavorable
- BUnfavorable
12For Costs:
- A(+)Unfavorable
(-) Favorable - B(-)Unfavorable
(+)Favorable
- A(+)Unfavorable
13For Sales:
- A(+)favorable
(-)unfavorable - B(-)favorable
(+)unfavorable
- A(+)favorable
14Final, delivered cost of materials, net of discounts
- APrice Standards
- BQuality Standards
15Use product design specifications
- APrice Standards
- BProduct standards
- CRate Standards
- DActivity Standards
16Use wage surveys and labor contracts
- ARate Standards
- BTime Standards
- CQuality Standards
- DPrice Standards
17Use time and motion studies for each labor operation
- ATime standards
- BRate standards
- CActivity Standards
- DPrice standards
18The activity is the base used to calculate the POH
- AActivity Standards
- BRate standards
- CPrice standards
- DQuality Standards
19Which variance involves the quantity purchased?
- APrice Variance
- BQuantity Variance
20Which variance involves quantity used?
- APrice Variance
- BQuantity variance
21Who is generally responsible for rate variances?
- AProduction Managers
- BPurchasing Managers
- CGeneral Managers
22Segment whose manager has control over both costs and revenues, but no control over investment funds.
- ACost Center
- BProfit Center
- CInvestment Center
23Segment who's manager has control over costs, revenues, and investments in operating assets
- ACost Center
- BProfit Center
- CInvestment Center
24The Cost, Profit and Investment Centers all fall under what Center
- AResponsibility
- BManagerial
- CPlanning
- DBudgeting
25Income before interest and taxes
- ANet operating income
- Breal income
- Caverage operating assets
- Dnone of the above
26What falls under "average operating assets"
- ACash
- BAccounts Recievable
- CInventory
- DPlant & Equipment
- EIncome
- FRevenues
27ROI=
- ANet operating income/average operating income
- BAverage operating income/net operating income
- CSales/net operating income
- Daverage operating income/sales
- EMargin x Turnover
28What are 3 ways to improve ROI
- AIncrease Sales
- BReduce Expenses
- CReduce assets
- DDecrease sales
- EIncrease assets
29Margin=
- ANet operating income/average operating assets
- Bsales/assets
- CNet operating income/sales
- DAverage operating assets/sales
30Turnover=
- ANet operating income/average operating assets
- BSales/net operating income
- Caverage operating assets/sales
- Dsales/average operating assets
Informationen
- Beschreibung
- 202 accounting Quiz am topics 4, erstellt von stevensae am 04/05/2015.
- Autor
- stevensae
- Sprache
- English
- Aufrufe
- 67
- Schlagwörter
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