Acc 212

A budget

which of the following is not an operating budget? -direct labor budget -sales budget -production budget -cash budget

What is the last step in developing the master budget?

Total direct labor hours required in preparing a direct labor budget are calculated using

Which of the following does not appear as a separate section on the cash budget? -Cash receipts -cash disbursements -capital expenditures -financing

The cash budget reflects

the culmination of preparing operating budgets is the

the important end-product of the operating budget is the

Beginning cash balance plus total receipts

a master budget consists of

costs that are not responsive to changes in activity can be described as

a static budget is appropriate for

Which expenses would not appear on a selling and admin expense budget? -sales commissions -property taxes -indirect labor -depreciation

which one of the following items would never appear on a cash budget? -office salaries expense -depreciation expense -interest expense -travel expense

A standard cost is

budget reports should be prepared

a standard differs from a budget because a standard

the flexible budget

the starting point in preparing a master budget is the preparation of the

the most rigorous of all standards is the

ideal standards

the two levels that standards may be set at are

an opportunity cost is

flexible budget shows $36,000 at 18,000 DL hours. If $37,400 incurred at 18,400 DL hours

Plant operating at full capacity receives 1 time opportunity to accept order below normal price

in incremental analysis

process of evaluating financial data that change under alternative courses of action

a total materials variance is analyzed in terms of

incremental analysis would be appropriate for... -acceptance of an order at a special rate -a retain or replace equipment -all of these choices are correct -a sell or process further decision

Book value of old equipment is considered to be a

the financing section of a cash budget is needed if the ending cash balance is less than

opportunity cost is usually

which one of the following sections would not appear on a cash budget? -cash receipts -financing -investing -cash disbursements

the most common budget period is

in a production budget, total required production units are the budgeted units plus

Which one of the following is not a financial budget? -capital expenditure budget -cash budget -manufacturing overhead budget -budgeted balance sheet

60,000 lbs raw materials on 1/1. Need 120,000 lbs 1/31. Need 410,000 lbs for Jan production

the direct materials and direct labor budgets provide the information for preparing the

the financial budgets include the

What is the accounting cycle?