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Budgets & Budgeting Cycle Quiz Questions and Answers 186 PDF Download

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Quiz on Budgets & Budgeting Cycle Worksheet 186Quiz PDF Download

Budgets & Budgeting Cycle Quiz

MCQ: Continuous budget is also known as

  1. rolling budget
  2. pin budget
  3. specific budget
  4. past budget

A

Fixed Overhead Cost Variances Quiz

MCQ: If flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be

  1. $38,500
  2. $48,500
  3. $58,500
  4. $13,500

A

Variable & Fixed Overhead Costs Quiz

MCQ: Second step in developing operating budget is to

  1. identify variable overhead cost
  2. compute the per unit rate
  3. choose the budgeting period
  4. select allocation bases

D

Discounted Cash Flow Quiz

MCQ: According to net present value, projects that would be acceptable must have a

  1. negative net present value
  2. zero net present value
  3. positive net present value
  4. both b and c

D

Inventory Management System Quiz

MCQ: Reorder point is divided by number of sold units for per unit of time to calculate

  1. relevant carrying cost
  2. relevant ordering cost
  3. purchase order lease time
  4. number of purchase orders

C