Quiz
Monitoring & controlling performance with budgets quiz
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Perguntas do quiz (8)
1Incremental budgets use the previous period budget with adjustments for inflation?
- AVerdadeiro
- BFalso
2A long term budget produced in outline only
- AOperational budget
- BStrategic budget
- CProduction budget
3What two do you use to work out the direct material price variances?
- Astandard labour hours for actual production at standard rate
- Bstandard cost of the actual quantity of material used
- Cactual quantity of material used at standard price
- Dactual cost of the actual quantity of material used
4[blank_start]price[blank_end] variances are based on [blank_start]actual[blank_end] quantities, but [blank_start]usage[blank_end] variances are based on [blank_start]standard[blank_end] prices.
- Aprice
- Bpurchase
- Cproduction
- Dactual
- Eabsorbed
- Factivity
- Gusage
- Hunit
- Ilabour
- Jbudgeted
- Kstandard
- Lstepped
- Mfixed
- Nselling
- Oprofit
- Pmaterial
5Labour rate variance measures the cost difference due to the amount of labour time used.
- AVerdadeiro
- BFalso
6A fixed budget is one which is prepared for a specific level of activity, whereas a flexed budget is one which allows for a change in the level of activity
- AVerdadeiro
- BFalso
7A cash budget for December has the following assumptions to account for: Trade receivables will decrease by £1,500. Trade payables will increase by £100. Expenses paid will increase by £500. Inventroy of materials will increase by £450. What is the net impact on the cash flow?
- A£1650
- B£650
- C£1450
- D£450
8Stepped fixed costs of £300,000 apply to volumes up to 60,000 units. This is based on 12 steps. If the production rises to 75,000 units what will be the total stepped costs for this product.
- A£375,000
- B£25,000
- C£425,000
Informações
- Descrição
- AAT Accounting Quiz sobre Monitoring & controlling performance with budgets quiz, criado por sinead mccarthy-mason em 06-12-2021.
- Idioma
- English
- Visualizações
- 19
- Histórico
- Criado em 6 dez 2021 · atualizado em 6 dez 2021
- Etiquetas
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