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Ngoài

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Mathematics

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Ngoài
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32 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reducing the incidence of budgetary slack is an advantage of a ‘bottom-up’ style of budgeting.
Is it true or false

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The contribution ratio of the product A 40%. The manufacturer of the product A wishes to make a contribution of $100,000 towards fixed cost.
If the selling price is 5$ per unit, the number of unit A that must be sold is:

A. 50,000 units

B. 40,000 units

C. 20,000 units

D. 8,0000 units

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The actual number of units produced was 2,000,
What was the total direct materials variance?

A. Nil

B.$10,000 Adverse

C.$10,000 Favourable

D. 511,000 Adverse

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement about a flexible budget true or false?
"Flexible budget shows the costs and revenues at different levels of activity"

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company expected to produce 200 units of its product, the Bone, in 20X3. In fact, 260
units were produced. The standard labour cost per unit was $70 (10 hours at a rate of $7 per hour). The actual labour cost was $18,600 and the labour force worked 2,200 hours although they were paid for 2,300 hours.
What is the direct labour efficiency variance for the company in 20X3?

A. $400 (A)

B. $2,100 (F)

C. $2.800 (A)

D. $2,800 (F)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company expected to produce 200 units of its product, the Bone, in 20X3. In fact, 260
units were produced. The standard labour cost per unit was $70 (10 hours at a rate of $7 per hour). The actual labour cost was $18,600 and the labour force worked 2,200 hours although they were paid for 2,300
hours.
What is the direct labour rate variance for the company in 20X3

A. $400 (A)

B. $2,100 (F)

C. $2.500 (A)

D. $2,500 (F)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following details have been extracted from the payables records of Dimo Co:
Invoices paid in the month of purchase: 25%
Invoices paid in the first month after purchase: 70%
Invoices paid in the second month after purchase: 5%
Purchases for September to November are budgeted as follows
September: $250,000
October: $300,000
November: $280,000
For suppliers paid in the month of purchase, a settlement discount of 5% is received. What is the
amount budgeted to be paid to suppliers in November

A. $278,500

B. $280,000

C. $289,000

D. $292,500

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