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topics 4

stevensae 30 preguntas

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Preguntas del test (30)

  1. 1The purpose of a flexible budget is to:
    1. Aremove items from performance reports that are not controllable by managers.
    2. Bpermit managers to reduce the number of unfavorable variances that are reported.
    3. Cupdate the static planning budget to reflect the actual level of activity of the period.
    4. Dreduce the amount of conflict between departments when the master budget is prepared
  2. 2A static budget:
    1. Ashould be compared to actual costs to assess how well costs were controlled.
    2. Bshould be compared to a flexible budget to assess how well costs were controlled
    3. Cis valid for only one level of activity.
    4. Drepresents the best way to set spending targets for managers
  3. 3In computing the margin in a ROI analysis, which of the following is used?
    1. ASales in the denominator
    2. BNet operating income in the denominator
    3. CAverage operating assets in the denominator
    4. DResidual income in the denominator
  4. 4Which of the following will not result in an increase in the residual income, assuming other factors remain constant?
    1. AAn increase in sales
    2. BAn increase in the minimum required rate of return
    3. CA decrease in expenses
    4. DA decrease in operating assets
  5. 5All other things the same, which of the following would increase residual income?
    1. AIncrease in average operating assets
    2. BDecrease in average operating assets
    3. CIncrease in minimum required return
    4. DDecrease in net operating income
  6. 6Which of the following three statements are correct?
    1. AA profit center has control over both cost and revenue
    2. BAn investment center has control over invested funds, but not over costs and revenue
    3. CA cost center has no control over sales.
  7. 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:
    1. ACost center
    2. BRevenue center
    3. Cprofit center
    4. Dinvestment center
  8. 8Actual Revenues > Budgeted Revenues
    1. AFavorable
    2. BUnfavorable
  9. 9Actual Revenues < Budgeted Revenues
    1. AFavorable
    2. BUnfavorable
  10. 10Actual Expenses > Budgeted Expenses
    1. AFavorable
    2. BUnfavorable

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Descripción
202 accounting Test sobre topics 4, creado por stevensae el 04/05/2015.
Idioma
English
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