Kaizen Budgeting Notes Questions with Answers PDF Download – Test 3

MCQ 11: The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as:

1. anticipated budgeting
2. number budgeting
3. predict budgeting
4. kaizen budgeting

MCQ 12: Under absorption costing, the magnitude for favorable volume production variance is affected by the choice of:

1. unplanned level
2. budgeting level
3. numerator level
4. denominator level

MCQ 13: The cost pattern, in which production inputs are to be used in discrete functions, but the quantities are fractional, will be categorized as:

1. continuously variable cost function
2. fixed cost function
3. mixed cost function
4. semi variable cost function

MCQ 14: If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is:

1. $36,000
2. $46,000
3. $56,000
4. $14,000

MCQ 15: Examining of past performance, exploring alternative and planning future is:

1. learning
2. alternating
3. examining
4. deciding