扫码查看暗号，即可获得解锁答案！

在此输入暗号

点击获取答案

Chapter15Budgeting

Flexed budget

An original budget is set at the beginning of the period based on the estimated level of activity. This is, then, flexed to correspond with the actual level of activity.

多做几道

Explain what is meant by standard costing

Explain what is meant by a standard cost

Describe four types of standard.

Explain what is meant by a standard hour.

Give five possible sources of information from which a standard materials price may be estimated.

最新试题

该科目易错题

该题目相似题

Pliant pic produces cars and motorbikes. The company is split into four different divisions:Car sales division - this department's manager has been given responsibility for selling the cars, as well as keeping control of the division's costs.Motorbike sales division - this department's manager has been given responsibility for selling the motorbikes as well as controlling divisional costs. In addition, he has been told to plan what assets he should purchase for the coming year.Manufacturing division - this division makes the cars and bikes and passes them to the finishing division. The divisional manager is only responsible for controlling the division's costs.Finishing division - this division tests the cars and cleans them ready to be sold. They transfer the goods to the sales divisions and charge the sales divisions a set price, which is set by the finishing division's manager. The manager is also responsible for managing the division’s costs as well as the investment in divisional assets.Are these centres being operated as a cost, profit or investment centre?Division Cost centre Profit centre Investment centreCar sales Motorbike sales Manufacturing Finishing
Gilbert pic is a furniture manufacturer. How would he classify the following costs?Cost Fixed Variable Semi-variableDirector’s salary Wood Rent of factory Phone bill - includes a line rental Factory workers wage
George pic makes stationery. How would he classify the following costs?Cost Production Administration DistributionPurchases of plastic to make pens Managing director's bonus Depreciation of factory machinery Salaries of factory workers Insurance of sales team cars
Data relating to a particular stores item are as follows:Average daily usageMaximum daily usageMinimum daily usageLead time for replenishment of inventoryReorder quantityWhat is the reorder level (in units) that avoids inventory stockouts?400 units 520 units 180 units 10 to 15 days 8,000 units units O
Which of the following relate to marginal costing and which to absorption costing? Marginal costing Absorption costingThe cost of a product includes an allowance for fixed production costs. The cost of a product represents the additional cost of producing an extra unit. The following data are for questions 155 and 156The budget for Bright's first month of trading, producing and selling boats was as follows: $000Variable production cost of boats 45Fixed production costs 30Production costs of 750 boats 75Closing inventory of 250 boats (25)Production cost of 500 sold 50Variable selling costs 5Fixed selling costs 25 80Profit 10Sales revenue 90The budget has been produced using an absorption costing system.
Quality control costs can be categorised into internal and external failure costs, inspection costs and prevention costs. In which of these four classifications would the following costs be included?The costs of a customer service teamThe cost of equipment maintenanceThe cost of operating test equipment Internal failure costs External failure costs Inspection costs Prevention costsCost of the a customer service team Cost of equipment maintenance Cost of operating test equipment
Explain what is meant by a flexible budget
Describe four types of standard.
Give five possible sources of information from which a standard materials price may be estimated.
A balanced scorecard measures performance 什om four perspectives: customer satisfaction, growth, financial success and process efficiency. Briefly explain these processes.