Direct labour and salary outlays direct material purchases, which are classified as
Direct labour and salary outlays direct material purchases, which are classified as
In activity based costing system, description of activity can be classified as
In activity based costing system, description of activity can be classified as
Difference between flexible budget amount and corresponding static budget amount is classified as
Difference between flexible budget amount and corresponding static budget amount is classified as
In master budgeting, cost drivers for manufacturing overhead costs are
In master budgeting, cost drivers for manufacturing overhead costs are
Continuous budget is also known as
Continuous budget is also known as
Non-financial and financial aspects of plan by company management, is classified as
Non-financial and financial aspects of plan by company management, is classified as
Budget, which predicts effect of given level of operations on a cash position is classified as
Budget, which predicts effect of given level of operations on a cash position is classified as
If budget sales units are 2000, an ending inventory is 3000 units and beginning inventory is 1000, then budget production would be
If budget sales units are 2000, an ending inventory is 3000 units and beginning inventory is 1000, then budget production would be
If indirect manufacturing labour is $20000, power cost is $5000, maintenance and supplies are of $10000 then manufacturing budget will be
If indirect manufacturing labour is $20000, power cost is $5000, maintenance and supplies are of $10000 then manufacturing budget will be
Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as
Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as
Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as
Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as
Difference between flexible budget amount and corresponding actual result is called
Difference between flexible budget amount and corresponding actual result is called
Practice, which makes target more achievable by underestimating revenues or overestimating cost is called
Practice, which makes target more achievable by underestimating revenues or overestimating cost is called
Budget plan in many companies is also referred as
Budget plan in many companies is also referred as
Difference between budgeted amounts and actual results is classified as
Difference between budgeted amounts and actual results is classified as
What-if technique, which examines changes in results if original prediction would not be achieved is called
What-if technique, which examines changes in results if original prediction would not be achieved is called
An arrangement of line of authority within company is classified as
An arrangement of line of authority within company is classified as
An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as
An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as
Compelling strategic plan, promoting coordination and providing framework of performance are
Compelling strategic plan, promoting coordination and providing framework of performance are
Product which requires low amount of resources, but incur high per unit cost is classified as
Product which requires low amount of resources, but incur high per unit cost is classified as
Document, which contains information about used material sequence, detail and quantity of raw material is classified as
Document, which contains information about used material sequence, detail and quantity of raw material is classified as
If number of units are 3000 and per unit price is $500, then flexible budget variable will be
If number of units are 3000 and per unit price is $500, then flexible budget variable will be
Quantitative expression, of action plan by management of firm for a specified period of time is classified as
Quantitative expression, of action plan by management of firm for a specified period of time is classified as
Budgeted income statement and supporting budget schedules are categorized under
Budgeted income statement and supporting budget schedules are categorized under
better administration of budget in budgeting plans require
better administration of budget in budgeting plans require
Use of variables to signal whether strategies are effective or ineffective is classified as
Use of variables to signal whether strategies are effective or ineffective is classified as
Manager who is responsible only for revenues of company can be categorized under the
Manager who is responsible only for revenues of company can be categorized under the
Model which refers possibility for management to conduct sensitivity analysis can be categorized under
Model which refers possibility for management to conduct sensitivity analysis can be categorized under
In an activity based costing implementation, product's diverse demand is based on
In an activity based costing implementation, product's diverse demand is based on
If actual result is $26000, flexible budget amount is $13000, then flexible budget amount will be
If actual result is $26000, flexible budget amount is $13000, then flexible budget amount will be
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as
Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as
Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as
Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as
Financial statements and budget plans of some companies are also called
Financial statements and budget plans of some companies are also called
Larger number of manager subordinates and higher level manager are termed as
Larger number of manager subordinates and higher level manager are termed as
An act of making sure, that all employees must understand goals is classified as
An act of making sure, that all employees must understand goals is classified as
An approach in which company under-costs it's one product and over-costs at least one product is classified as
An approach in which company under-costs it's one product and over-costs at least one product is classified as
Type of costs that cannot be traced for individual products but help in supporting an organization are classified as
Type of costs that cannot be traced for individual products but help in supporting an organization are classified as
If static budget amount is $6000 and flexible budget amount is $15000, then sales volume variance will be
If static budget amount is $6000 and flexible budget amount is $15000, then sales volume variance will be
Focus on budget cost of all activities necessary to sell and produce market offerings is known as
Focus on budget cost of all activities necessary to sell and produce market offerings is known as
Flexible budget amount is added to flexible budget variance to calculate
Flexible budget amount is added to flexible budget variance to calculate
If flexible budget amount is $62000 and an actual result is $35000, then flexible budget amount would be
If flexible budget amount is $62000 and an actual result is $35000, then flexible budget amount would be
Variance, if used to alert managers before time of problem is called
Variance, if used to alert managers before time of problem is called
Subtracted flexible budget amount can form an actual result to calculate
Subtracted flexible budget amount can form an actual result to calculate
Part of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as
Part of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as
System which measures budget, action and plan of each responsibility center is known as
System which measures budget, action and plan of each responsibility center is known as
If static budget amount is $9000, flexible budget amount is $20000, then sales volume variance will be
If static budget amount is $9000, flexible budget amount is $20000, then sales volume variance will be
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
Broad's average use to assign cost of revenue to cost objects will be classified as
Broad's average use to assign cost of revenue to cost objects will be classified as
Sales budget variance is subtracted from flexible budget amount to calculate
Sales budget variance is subtracted from flexible budget amount to calculate
Variance used by managers to check whether company has performed well and properly implemented strategies is considered as
Variance used by managers to check whether company has performed well and properly implemented strategies is considered as
Budgeted total cost in indirect cost pool is divided by budgeted total quantity of cost allocation base is to calculate by
Budgeted total cost in indirect cost pool is divided by budgeted total quantity of cost allocation base is to calculate by
Factors that accelerate process of refining a costing system include
Factors that accelerate process of refining a costing system include
Fourth step in development of operating budget is to
Fourth step in development of operating budget is to
Plan of action; how an organization meets its opportunities and capabilities is classified as
Plan of action; how an organization meets its opportunities and capabilities is classified as
Number of units are 5000 and per unit price is $60, then flexible budget variable would be
Number of units are 5000 and per unit price is $60, then flexible budget variable would be
Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as
Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as
Static budget amount is subtracted from flexible budget amount to calculate the
Static budget amount is subtracted from flexible budget amount to calculate the
Costs of undertaken activities is to support individual products are known as
Costs of undertaken activities is to support individual products are known as
Which of following is an example of revenue center?
Which of following is an example of revenue center?
Chances of cost to be considered as variable are more, if the
Chances of cost to be considered as variable are more, if the
First step in developing an operating budget is to
First step in developing an operating budget is to
Costing system, in which individual activities are identified as cost object is considered as
Costing system, in which individual activities are identified as cost object is considered as
Last step in developing operating budget is
Last step in developing operating budget is
Budget which calculates expected revenues and expected costs, based on actual output quantity is named as
Budget which calculates expected revenues and expected costs, based on actual output quantity is named as
In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as
In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as
Significant feature of Kaizen Budgeting is
Significant feature of Kaizen Budgeting is
Mathematical relationships exist between operating and financing activities that affect master budget are called
Mathematical relationships exist between operating and financing activities that affect master budget are called
starting point in operating budget is
starting point in operating budget is
If flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be
If flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be
Cost pool category, which have similar cause and effect relationship, with each cost driver uses as an allocation base is classified as
Cost pool category, which have similar cause and effect relationship, with each cost driver uses as an allocation base is classified as
Flexible budget variance for revenues of company is classified as
Flexible budget variance for revenues of company is classified as
Budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as
Budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as
If flexible budget amount is $82000 and actual result is $45000 then flexible budget amount will be
If flexible budget amount is $82000 and actual result is $45000 then flexible budget amount will be
A manager, who is responsible for both cost and revenues belongs to department of
A manager, who is responsible for both cost and revenues belongs to department of
Flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be
Flexible budget amount is $57000 and flexible budget variance is $14000, then actual result amount will be
If sales budget variance for operating income is $68000 and static budget amount is $19000, then flexible budget amount will be
If sales budget variance for operating income is $68000 and static budget amount is $19000, then flexible budget amount will be
Cash receipts is added in to beginning cash balance to calculate
Cash receipts is added in to beginning cash balance to calculate
Higher and accurate budgeted profit forecast of managers lead to
Higher and accurate budgeted profit forecast of managers lead to
If static budget is $208000 and flexible budget amount is $305000, then sales budget variance will be
If static budget is $208000 and flexible budget amount is $305000, then sales budget variance will be
If sales budget variance is $57000 and flexible budget amount is $97000, then static budget amount will be
If sales budget variance is $57000 and flexible budget amount is $97000, then static budget amount will be
If budget sales units are 5000, ending inventory is 4000 units and beginning inventory is 1000, then budget production will be
If budget sales units are 5000, ending inventory is 4000 units and beginning inventory is 1000, then budget production will be
Type of budget, which is always available for specified period of future is called
Type of budget, which is always available for specified period of future is called
A manager who is responsible for only cost of company belongs to
A manager who is responsible for only cost of company belongs to
In activity based costing method implementation, an output unit level costs are classified as
In activity based costing method implementation, an output unit level costs are classified as
Third step in developing operating budget is
Third step in developing operating budget is
Master budget includes all projections of company's budget and focuses on
Master budget includes all projections of company's budget and focuses on
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then selling price variance will be
If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then selling price variance will be
Costs of all activities for individual products or services can be called
Costs of all activities for individual products or services can be called
Degree of influence that a manager would have on revenues, cost, profit and investment is known as
Degree of influence that a manager would have on revenues, cost, profit and investment is known as
If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be
If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be
Number of units are multiplied to per unit price, to calculate
Number of units are multiplied to per unit price, to calculate
In Kaizen budgeting, costs are based on all improvements which is
In Kaizen budgeting, costs are based on all improvements which is
Cost influences by responsibility center manager who is considered as
Cost influences by responsibility center manager who is considered as
If actual result is $25000 and flexible budget amount is $11000, then flexible budget amount is
If actual result is $25000 and flexible budget amount is $11000, then flexible budget amount is
Manager who is responsible for investments of company, its costs and revenues is known as
Manager who is responsible for investments of company, its costs and revenues is known as
Costs of all activities for a group of products, rather than individual product can be classified as
Costs of all activities for a group of products, rather than individual product can be classified as
In activity based costing method implementation, indirect costs are allocated by using the
In activity based costing method implementation, indirect costs are allocated by using the
Product which requires large amount of resources, but incur low per unit cost is classified as
Product which requires large amount of resources, but incur low per unit cost is classified as
