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Kaizen Budgeting Quiz

MCQ: Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as

1. anticipated budgeting
2. number budgeting
3. predict budgeting
4. kaizen budgeting

D

Absorption Costing Quiz

MCQ: Under absorption costing, magnitude for favorable volume production variance is affected by choice of

1. unplanned level
2. budgeting level
3. numerator level
4. denominator level

D

Nonlinearity & Cost Functions Quiz

MCQ: Cost pattern, in which production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as

1. continuously variable cost function
2. fixed cost function
3. mixed cost function
4. semi variable cost function

A

Flexible Budget: Cost Accounting Quiz

MCQ: If actual result is \$25000 and flexible budget amount is \$11000, then flexible budget amount is

1. \$36,000
2. \$46,000
3. \$56,000
4. \$14,000

D

Strategic Decisions Quiz

MCQ: Examining of past performance, exploring alternative and planning future is

1. learning
2. alternating
3. examining
4. deciding

A