Budgets and Budgeting Cycle MCQs Quiz Online PDF Download

Learn budgets and budgeting cycle MCQs, cost accounting test for online courses learning and test prep to practice. Master budget and responsibility accounting quiz has multiple choice questions (MCQ), budgets and budgeting cycle quiz questions and answers to learn for online church accounting course test.

Cost accounting practice test MCQ on part of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheets are classified as with options financial budget, capital budget, cash flows budget and balanced budget problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning budgets and budgeting cycle quiz with MCQs to practice test questions with answers. Budgets and Budgeting Cycle Video

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 sheets are classified as

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

A

MCQ. Third step in developing operating budget is

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

D

MCQ. If 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

  1. implementing income
  2. implementing 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