iClicker_031411_and_selected_CH_8_slides

iClicker_031411_and_selected_CH_8_slides - On advantages of...

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On advantages of budgeting Which of the following is not an advantage of budgeting? A.It forces managers to plan. B.It provides a standard for performance evaluation. C.It guarantees an improvement in organizational efficiency. D.It improves communication and coordination. Convery - Spring 2011 1
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On components of a master budget Which of the following best describes the order in which these (selected) components of the master budget would be prepared? A. Direct labor budget, capital (assets) budget, pro forma balance sheet B. Production budget, cash budget, sales budget C. Pro forma financial statements, direct materials budget, direct labor budget D. Sales budget, pro forma income statement, nonmanufacturing costs budget Convery - Spring 2011 2
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On budgeting for direct materials The following are budgeted sales data: Jul Aug Sept Production in units 16,000 22,000 15,000 Each finished unit requires one pound of material. Ending inventory at the end of a month should equal 20% of the following month’s production needs. At the beginning of Jul, 3,200 lbs. of materials were on hand. Purchases of direct materials for Aug would be (in lbs.): A. 17,600 B. 20,600 C. 25,000 D. 23,400 Convery - Spring 2011 3
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Convery - Spring 2011 4 Budgeting for Performance In a business, the performance
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This note was uploaded on 10/21/2011 for the course ACC 202 taught by Professor Sue during the Spring '10 term at Michigan State University.

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iClicker_031411_and_selected_CH_8_slides - On advantages of...

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