Quiz Ch 10 - Managerial Accounting Quiz Chapter 10 t O 0...

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Managerial Accounting Quiz Chapter 10 t. O 0., feature of a flexible budget is that actual results can be compared to budgeted costs at the same level of activitv. flE)'r^r,. i# ffi" budget, when the activity declines, the variable costs per unit also declines. 3. In a standard costing system, if the actual fixed manufacturing overhead cost exceeds the budgeted fixed manufacturing overhead cost for the period, then fixed manufacturing overhead cost would be underapplied for the oeriod. r ^ True (False) 4. The pu{pose of a flexible budget is to: A. allow management some latitude in meeting goals. B. eliminate fluctuations in production reports by ignoring variable costs. @ "o-p-e actual and budgited results ai virtually any level of activity. D. reduce the time to prepare the annual budget. 5. The activity liase that is used for a flexible budgei for an overhead cost should be: tt Aicaol lqhnr-hnrr-" B. units of output. C. expressed in dollars,
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This note was uploaded on 09/08/2010 for the course BUS 21 at San Jose State.

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Quiz Ch 10 - Managerial Accounting Quiz Chapter 10 t O 0...

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