Management Accounting - Practice Test

(A) expenditure budget

(B) master budget

(C) functional budget

(D) cash budget

(C) functional budget

(A) a-4, b-3, c-2, d-1

(B) a-3, b-4, c-1, d-2

(C) a-3, b-1, c-4, d-2

(D) a-2, b-1, c-4, d-3

(B) a-3, b-4, c-1, d-2

(A) less labour hours are needed to make the same amount of output

(B) the business is paying a higher hourly rate than the standard

(C) more products are being made per hour

(D) less skilled staff are being used in production

(D) less skilled staff are being used in production

(A) Factory electricity expense

(B) Transportation for purchasing the raw material

(C) Electricity

(D) Sales, managers commission

(D) Sales, managers commission

(A) Obtaining quantity discounts for large orders of materials

(B) Poor functioning of machinery giving rise to excessive wastage

(C) Better or worse quality of materials purchased

(D) Increased/decreased level of quality checks on the production process

(A) Obtaining quantity discounts for large orders of materials

Management Accounting - Study Mode