acc 2 quiz ch 23

acc 2 quiz ch 23 - released: Oct 6, 2004 2:00 PM Question 1...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
released: Oct 6, 2004 2:00 PM Question 1 1 / 1 point The benefits of budgeting include all of the following except Coordinating activities between  departments within the  organization  Enabling the company to  produce more for less cost  Creating standards for evaluating  performance Assigning responsibility for  situations that require corrective  action  Question 2 1 / 1 point A master budget usually includes all of the following except A cash budget  A projected tax  return  A sales forecast  Projected financial  statements Question 3 1 / 1 point A master budget can be used as a(n) Aid to planning  Evaluation tool  Means to  coordinate  activities  All of the above  Question 4 1 / 1 point As the volume of output increases Variable costs per  unit will decrease 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Variable costs per  unit will not change  Variable costs per  unit will increase  Variable costs in total  will decrease  Question 5 1 / 1 point As the volume of output decreases Fixed costs per unit  will increase  Fixed costs in total  will decrease  Fixed costs per unit  will not change  Fixed costs per unit  will decrease  Question 6 1 / 1 point Which of the following is NOT a benefit of a careful and thorough budgeting process? Budgets provide a yardstick for 
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/15/2011 for the course ACCT 281 taught by Professor Joegogel during the Spring '11 term at Columbia College.

Page1 / 6

acc 2 quiz ch 23 - released: Oct 6, 2004 2:00 PM Question 1...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online