快速查题-Chapter15-19试题

Which of the following may be considered to be objectives of budgeting?(i) Co-ordination(ii) Communication(iii) Expansion(iv) Resource allocation

What does the statement 'sales is the principal budget factor' mean?

WQT Co manufactures a single product and an extract from their flexed budget for production costs is as follows.

                                                                                                                       Activity level

                                                                                                                  80%                  90%

                                                                                                                    $                       $

Direct material                                                                                          2,400                  2,700

Labour                                                                                                      2,120                  2,160

Production overhead                                                                                4,060                  4,080 

                                                                                                                 8,580                  8,940

What would the total production cost allowance be in a budget flexed at the 83% level of activity? (to the nearest $)

Which of these statements is untrue?

Misty Co's budgetary control report for last month is as follows：

                                                              Fixed budget                          Flexed budget                  Actual results

                                                                       $                                            $                                      $

Direct costs                                                61,100                                 64,155                                67,130

Production overhead                                55,000                                   56,700                               54,950

Other overhead                                        10,000                                  10,000                                11,500

                                                                  126,100                               130,855                               133,580

What was the volume variance for last month?