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Budgets and Budgeting Cycle Questions and Answers PDF Download eBook - 186

Budgets and Budgeting Cycle trivia questions and answers, budgets and budgeting cycle quiz answers PDF 186 to practice accounting exam questions for online classes. Practice "Master Budget and Responsibility Accounting" trivia questions and answers, budgets and budgeting cycle Multiple Choice Questions (MCQ) for online accounting degree. Free budgets and budgeting cycle MCQs, inventory management system, discounted cash flow, variable and fixed overhead costs, fixed overhead cost variances, budgets and budgeting cycle test prep for online business administration degree classes.

"The continuous budget is also known as", budgets and budgeting cycle Multiple Choice Questions (MCQ) with choices pin budget, rolling budget, specific budget, and past budget for online degrees. Learn master budget and responsibility accounting questions and answers to improve problem solving skills for online classes business administration. Budgets & Budgeting Cycle Video

Trivia Quiz on Budgets & Budgeting Cycle PDF Download eBook

Budgets and Budgeting Cycle Quiz

MCQ: The continuous budget is also known as

  1. rolling budget
  2. pin budget
  3. specific budget
  4. past budget

A

Fixed Overhead Cost Variances Quiz

MCQ: If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be

  1. $38,500
  2. $48,500
  3. $58,500
  4. $13,500

A

Variable and Fixed Overhead Costs Quiz

MCQ: The second step in developing operating budget is to

  1. identify variable overhead cost
  2. compute the per unit rate
  3. choose the budgeting period
  4. select allocation bases

D

Discounted Cash Flow Quiz

MCQ: According to net present value, the projects that would be acceptable must have a

  1. negative net present value
  2. zero net present value
  3. positive net present value
  4. both b and c

D

Inventory Management System Quiz

MCQ: The reorder point is divided by number of sold units for per unit of time to calculate

  1. relevant carrying cost
  2. relevant ordering cost
  3. purchase order lease time
  4. number of purchase orders

C