MBA Cost Accounting Practice Test 90

Budgets and Budgeting Cycle Quiz Answers PDF Download - 90

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Accounting: Budgets & Budgeting Cycle MCQs Quiz PDF Download

MCQ: The planning of financial aid to coordinate; what is to be done for implementation of the plan is classified as

A) budget

B) batching

C) complexity

D) process

MCQ: The larger number of manager subordinates and the higher level manager are termed as

A) activity subordinates

B) broader responsibility center

C) broader subordinates

D) activity ordinates

MCQ: The flexible budget amount is added to flexible budget variance to calculate

A) static result

B) actual result

C) secondary result

D) primary result

MCQ: An operating income is divided by the revenues to calculate

A) residual income

B) return on after-tax operating income

C) return on sales

D) return on investment

MCQ: In accounting, the possibility of deviation of actual amount from an expected amount is classified as

A) contribution

B) certainty

C) uncertainty

D) margin

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