Название теста: Managerial Accounting 2 Предназначено для студентов специальности: 5B Accounting and audit 3(4)

Transcription

1 Название теста: Managerial Accounting 2 Предназначено для студентов специальности: 5B Accounting and audit 3(4) Текст вопроса 1 The budgeted fixed cost is $26000 and per unit budgeted denominator level is 1300 units then budgeted fixed cost is 2 If target operating income is $38000 and contribution margin per unit is $400 then number of units must be sold to earn targeted operating income are 3 The budgeted fixed manufacturing cost is divided by budgeted fixed manufacturing cost per unit to calculate 4 The contribution margin per unit is $5000, selling price is $1500 and variable manufacturing cost per unit is $1200 then per unit cost of marketing is 5 The direct material cost of goods sold is $7500 throughput contribution is $15650 then revenues are equal to 6 The total sales are $250000, the beginning inventory is $25000 and the ending inventory is $25000 then total production is 7 The budgeted fixed manufacturing cost for per unit is used to measure per unit cost of supplying 8 The revenues are $25000 and throughput contribution is $12000 then direct material cost of goods sold is 9 The budgeted fixed manufacturing cost is $ and the per unit cost is $124 then budgeted production units are 10 The total sales are $355000, the beginning inventory is $23000 and the ending inventory is $15000 then total production is 11 The cost of goods manufactured is added into beginning inventory and the amount is equal to cost of goods sold added into 12 If target operating income is $45000 and contribution margin per unit is $500 then number of units must be sold to earn targeted operating income are 13 The number of units must be sold to earn targeted operating income are calculated by dividing the total fixed cost operating income and 14 The fixed budgeted manufacturing cost is $45000 and the budgeted production units are 900 then budgeted fixed manufacturing cost per unit is 15 If target operating income is $84000 and contribution margin per unit is $600 then number of units must be sold to earn targeted operating income are 16 The change in variable costing in operating income is $9000 and contribution margin per unit is $6000 then change in sold units is 17 The beginning inventory is $40000, the total revenues are $ and the ending inventory is $30000 then total production is 18 The difference between the budgeted amounts and the actual results is classified as 19 The segment of subunit of company whose manager is responsible for specific set of instructions and activities performed is classified as 20 The example of the revenue center is 21 The kaizen budgeting's significant feature is 22 The part of the master budget which covers the capital expenditures, budgeted statement of cash flows and balance sheet is classified as

2 23 The type of budget which is always available for the specified period of future is classified as 24 The plan of action how an organization meets its opportunities and capabilities is classified as 25 The budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000 then the budget production is 26 The budget sales plus target ending finished goods inventory minus beginning finished goods inventory equals to 27 In the operating budget, the starting point is the 28 The quantitative expression of plan of action by the management of the firm for a specified period of time is classified as 29 In budgeting plans, the better administration of budget requires 30 The financial aspects of the plan by the company management is classified as 31 In Kaizen budgeting, the costs are based on all the improvements that are 32 The mathematical relationships exist between operating and financing activities that affect master budget is classified as 33 The degree of influence that a manager would have on the revenues, cost, profit and investment is called 34 The compelling strategic plan, promoting coordination and providing framework of performance are classified as 35 The type of accounting which focuses on to whom they should ask for information and not whom they blame is classified as 36 The cash receipts is added in to beginning cash balance to calculate 37 The budget sales units are 2000, the ending inventory is 3000 units and the beginning inventory is 1000 then the budget production is 38 The direct labor and salary outlays direct material purchases are classified as 39 The model which refers possibility for management to conduct sensitivity analysis are considered as 40 The what-if technique which examine changes in results if original prediction would not be achieved is classified as 41 The continuous budget is also known as 42 The budget which specifies the operating and financial plan usually for a fiscal year or any specific period of time is classified as 43 The budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000 then the budget production is 44 The flexible budget variance for the revenues of company is classified as 45 The actual selling price is $500, the actual result is $250 and the actual units sold are 350 then the selling price variance is 46 The actual result is $26000 and the flexible budget amount is $13000 then the flexible budget amount is 47 The static budget amount is $9000 and the flexible budget amount is $20000 then the sales volume variance is 48 The static budget is $ and the flexible budget amount is $ then the sales budget variance is 49 The flexible budget amount is subtracted from the actual result to calculate 50 The sales budget variance for operating income is $68000 and the static budget amount is $19000 then flexible budget amount is

3 51 The sales budget variance is subtracted from flexible budget amount to calculate 52 The flexible budget amount is $62000 and the actual result is $35000 then the flexible budget amount is 53 The flexible budget amount is added to flexible budget variance to calculate 54 The flexible budget amount is $57000 and flexible budget variance is $14000 then actual result amount is 55 The static budget amount is subtracted from the flexible budget amount to calculate the 56 The sales budget variance is $57000 and the flexible budget amount is $97000 then the static budget amount is 57 The difference between the flexible budget amount and the corresponding actual result is classified as 58 The actual selling price is subtracted from budgeted selling price and then multiplied to actual units sold to calculate 59 The number of units are multiplied to per unit price to calculate 60 The budget which calculates the expected revenues and expected costs based on the actual output quantity is classified as 61 The difference between the flexible budget amount and the corresponding static budget amount is classified as 62 The cost which consists of some fixed and some variable cost with respect to machine setup hours is classified as 63 The actual cost incurred is $ and the flexible budget amount is $ then fixed overhead variance of flexible-budget is 64 The actual variable quantity is 50,the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively then the variable overhead spending variance is 65 The unfavorable volume-production variance is used to measure the amount of 66 The lower plant leasing, lower administrative costs and lower depreciation on equipment and plant are all the factors for 67 The variable overhead flexible budget variance is $26000 and the flexible budget amount is $15000 then the actual incurred costs are 68 The higher plant leasing, higher administrative costs and higher depreciation on equipment and plant are all the factors for 69 The fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000 and production volume variance is 70 The costing technique which classify all the activities in costing hierarchy is classified as 71 The budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250 then budgeted fixed overhead output unit is 72 The salaries of engineers are $3000, the salaries of supervisors are $4000 and the equipment leasing cost is $3000 then fixed setup costs are 73 In overhead cost variance analysis, the variable overhead does not include 74 The variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000 then the actual incurred costs are 75 The fourth step in development of operating budget is to 76 The actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000 then variable overhead efficiency variance is 77 The budgeted total cost in fixed overhead is $ and the budgeted total quantity is $8750 then budgeted fixed overhead cost per unit is 78 The variance is solely because of the difference between budgeted quantity and the

4 79 The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150 then budgeted fixed overhead output unit is 80 The third step in developing operating budget is to 81 The lump sum cost that remained unchanged in total despite of changes in total volume is classified as 82 The flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000 then actual incurred cost is 83 The total setup cost is $35000 and fixed setup cost is $19000 then the variable fixed cost is 84 If the number of employees who left the job are 40 and the total number of employees are 200 then the employee turnover ratio is 85 The time consumed to deliver a complete order to its customers is classified as 86 The time between a customer placed until customer receives its delivery is classified as 87 The timeframe between placement of order until a finished good is produced is classified as 88 If the manufacturing cycle efficiency is and the total manufacturing time is 45 minutes then the value added manufacturing time is 89 The value added manufacturing time is divided by total manufacturing to calculate 90 The delivery of goods by the time it is contracted to be delivered is classified as 91 The factors identified by cause and effect diagrams includes 92 The time a company takes until a good is produced after order placement is classified as 93 The on-time performance and customer-response time are examples of 94 The example of purchasing costs includes 95 The costs of acquiring of goods from suppliers are classified as 96 The activities related to coordinating, controlling and planning activities of flow of inventory are classified as 97 The average inventory in units is multiplied to annual relevant carrying cost of each unit to calculate 98 The relevant incremental costs is added into the relevant opportunity cost of capital to calculate 99 If the economic order quantity for one year is packages and demand in units for one year are 1500 units then number of deliveries in a year is 100 The decision model to calculate optimal quantity of inventory to be ordered is called 101 The difference between actual quantity and budgeted quantity of cost allocation base is classified as 102 The activity based costing hierarchy includes 103 If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000 then budgeted fixed overhead is 104 Total setup cost is $42000 and fixed setup cost is $17000 then the variable fixed cost is 105 The fixed setup cost is $32000 and the variable setup cost is $12000 then the setup cost is 106 The variable overhead flexible budget variance is added to flexible budget amount to calculate 107 The fixed setup cost is $21000 and the variable setup cost is $11000 then the setup cost is

5 108 The budgeted total cost in fixed overhead is $ and the budgeted total quantity is $6730 then budgeted fixed overhead cost per unit is 109 In flexible budget analysis, the variable overhead flexible budget variance is equals to 110 The flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500 then actual incurred cost is 111 The second step in developing operating budget is to 112 The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate 113 The cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost is 114 If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000 then budgeted fixed overhead is 115 To calculate fixed overhead flexible budget variance, the actual costs incurred is subtracted from 116 The first step in developing cost rate for budgeted variable overhead is to 117 If the required rate of return is 12% and the per unit cost of units purchased is $35 then the relevant opportunity cost of capital is 118 The reorder point is divided by number of units sold for per unit of time to calculate 119 The buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called 120 The purchase order lead time is multiplied to number of units sold per unit of time to calculate 121 The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as 122 The relevant ordering costs are added into relevant carrying costs to calculate 123 If the purchase order lead time is 35 minutes and number of units sold per time is 400 units then reorder point is 124 If the net initial investment is $ and returned working capital is $7500 then average investment over five years is 125 If the initial investment is $ and the payback period is 4.5 years then increase in future cash flows is 126 The categories of cash flows includes 127 If the net initial investment is $ and the uniform increase in yearly cash flows is $ then payback period is 128 The net initial investment is divided by uniform increase in future cash flows to calculate 129 The concept which explains that a money received in present time is more valuable than money received in future is classified as 130 If the payback period is 4 years and the uniform increase in cashflows per year is $ then the net initial investment is 131 If the real rate is 16% and the inflation rate is 8% then the nominal rate of return is 132 The method which calculates the time to recoup initial investment of project in form of expected cash flows is classified as 133 The vertically upward dimension of cost analysis is also called 134 The rate of return to cover risk of investment and decrease in purchasing power as a result of inflation is classified as 135 The process of making long term decisions for investment of capital in projects is classified as 136 The dimensions of analysis of cost includes

6 137 The capital budgeting method to analyze information of financials includes 138 The payback period is multiplied to constant increase in yearly future cash flows to calculate 139 The rate of return which is made up of risk free element and business risk element is classified as 140 The sum of returned working capital and net initial investment is divided by 2 to calculate 141 The project's expected monetary loss or monetary gain by discounting all cash outflows and inflows using required rate of return is classified as 142 The rate of return required to cover the risk of investment in absence of inflation is classified as 143 The method which divides annual income earned from a project by capital invested to calculate 144 The horizontally across dimension of cost analysis is also called 145 According to net present value, the projects that would be acceptable must have 146 The cash flows method used by net present value method and internal rate of return are 147 The working capital cash outflow, cash outflow to buy machine and cas inflow from disposal of machine are examples of 148 The decrease in purchasing power of any monetary unit such as euro, dollars etc is classified as 149 If increase in average after-tax operating income is $ per year and the net initial investment is $ The current assets are subtracted from current liabilities to calculate