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Budgets and Budgeting Cycle MCQs Quiz Online Tests pdf Download

Practice MCQs on budgets and budgeting cycle, accounting MCQs for online test prep. Master budget and responsibility accounting quiz has multiple choice questions (MCQ), budgets and budgeting cycle quiz questions and answers as part of master budget which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as, answer key with choices as financial budget, capital budget, cash flows budget and balanced budget for competitive exam prep. Free study guide is to learn budgets and budgeting cycle quiz online with MCQs to practice test questions with answers.

MCQs on Budgets and Budgeting Cycle Quiz pdf Download

MCQ. Part of master budget which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as

  1. financial budget
  2. capital budget
  3. cash flows budget
  4. balanced budget

A

MCQ. Third step in developing operating budget is to

  1. analysis of batches
  2. analysis of batches
  3. analysis of products
  4. make predictions about future

D

MCQ. An indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then manufacturing budget will be

  1. $5,000
  2. $35,000
  3. $15,000
  4. $45,000

B

MCQ. Last step in developing operating budget is to

  1. implementing income
  2. implement decision
  3. efficient implementation
  4. effective implementation

B

MCQ. In master budgeting, cost drivers for manufacturing overhead costs are

  1. direct manufacturing labor-hours
  2. setup labor-hours
  3. budgeted labor-hours
  4. both a and b

D

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