Management Accounting - Study Mode
[#221] If total number of employees surveyed are 200 and employees that indicate higher rating for satisfaction are 195, then employee satisfaction would be
Correct Answer
(D) 97.50%
Explanation
Solution: Employee satisfaction = Employees that indicate higher rating for satisfaction ÷ Total number of employees surveyed × 100 = 195 ÷ 200 × 100 = 97.50%.
[#222] On-time performance and customer-response time are examples of
Correct Answer
(A) customer measures
Explanation
Solution: On-time performance and customer-response time are examples of customer measures. It is a measure of how products and services supplied by a company meet or surpass customer expectation.
[#223] If an actual result is $250000 and static budget amount is $150000, then static budget variance for operating income will be
Correct Answer
(C) $100,000
Explanation
Solution: Static budget amount = Actual result - Static budget variance = $250000 - $150000 = $100,000.
[#224] Master budget, which is based on planned output level at start of budget period is considered as
Correct Answer
(A) static budget
Explanation
Solution: Master budget, which is based on planned output level at start of budget period is considered as static budget. A static budget is a budget in which the amounts will not change even with significant changes in volume. In contrast to a static budget, a company's sales department might have a flexible budget. In the flexible budget, the sales commissions expense budget would be stated as a percentage of sales.
[#225] Price variance for direct manufacturing labour is referred as
Correct Answer
(B) rate variance
Explanation
Solution: Price variance for direct manufacturing labour is referred as rate variance. A rate variance is the difference between the actual price paid for something and the expected price, multiplied by the actual quantity purchased. The concept is used to track down instances in which a business is overpaying for goods, services, or labor.