Q.1
Budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as
Q.2
First step in developing an operating budget is to
Q.3
Method, which allocates cost of support department to operating and support departments is known as
Q.4
Approaches to allocate costs of support department do not include
Q.5
In incremental cost allocation method, cost object user who is ranked second in ranking order is known as
Q.6
Cash receipts is added in to beginning cash balance to calculate
Q.7
If budget sales units are 2000, an ending inventory is 3000 units and beginning inventory is 1000, then budget production would be
Q.8
Direct labour and salary outlays direct material purchases, which are classified as
Q.9
According to incremental method, party which receives highest ranking in allocation of common cost is classified as
Q.10
In Kaizen budgeting, costs are based on all improvements which is
Q.11
starting point in operating budget is
Q.12
Master budget includes all projections of company's budget and focuses on
Q.13
Model which refers possibility for management to conduct sensitivity analysis can be categorized under
Q.14
Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as
Q.15
Mathematical relationships exist between operating and financing activities that affect master budget are called
Q.16
Degree of influence that a manager would have on revenues, cost, profit and investment is known as
Q.17
Financial statements and budget plans of some companies are also called
Q.18
Quantitative expression, of action plan by management of firm for a specified period of time is classified as
Q.19
Budget plan in many companies is also referred as
Q.20
Practice, which makes target more achievable by underestimating revenues or overestimating cost is called
Q.21
An act of making sure, that all employees must understand goals is classified as
Q.22
In master budgeting, cost drivers for manufacturing overhead costs are
Q.23
Document, which contains information about used material sequence, detail and quantity of raw material is classified as
Q.24
Use of variables to signal whether strategies are effective or ineffective is classified as
Q.25
An arrangement of line of authority within company is classified as
Q.26
Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as
Q.27
Budgeted income statement and supporting budget schedules are categorized under
Q.28
If budget sales units are 5000, ending inventory is 4000 units and beginning inventory is 1000, then budget production will be
Q.29
Compelling strategic plan, promoting coordination and providing framework of performance are
Q.30
Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as
Q.31
In activity based costing method implementation, an output unit level costs are classified as
Q.32
Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as
Q.33
A manager who is responsible for only cost of company belongs to
Q.34
A manager, who is responsible for both cost and revenues belongs to department of
Q.35
Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as
Q.36
Better administration of budget in budgeting plans require
Q.37
Non-financial and financial aspects of plan by company management, is classified as
Q.38
Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as
Q.39
Type of budget, which is always available for specified period of future is called
Q.40
Plan of action; how an organization meets its opportunities and capabilities is classified as
Q.41
Focus on budget cost of all activities necessary to sell and produce market offerings is known as
Q.42
Which of following is an example of revenue center?
Q.43
Variance, if used to alert managers before time of problem is called
Q.44
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
Q.45
Budget, which predicts effect of given level of operations on a cash position is classified as
Q.46
Higher and accurate budgeted profit forecast of managers lead to
Q.47
Product which requires large amount of resources, but incur low per unit cost is classified as
Q.48
Costs of undertaken activities is to support individual products are known as
Q.49
Difference between budgeted amounts and actual results is classified as
Q.50
Larger number of manager subordinates and higher level manager are termed as
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