Flexible Budget and Management Control MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Flexible Budget and Management Control, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Flexible Budget and Management Control MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Flexible Budget and Management Control mcq questions that explore various aspects of Flexible Budget and Management Control problems. Each MCQ is crafted to challenge your understanding of Flexible Budget and Management Control principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Flexible Budget and Management Control MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Flexible Budget and Management Control. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Flexible Budget and Management Control knowledge to the test? Let's get started with our carefully curated MCQs!

Flexible Budget and Management Control MCQs | Page 16 of 20

Q151.
The cost influences by the responsibility center manager who is considered as
Discuss
Answer: (d).controllable cost
Q152.
If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be
Discuss
Answer: (b).$35,000
Discuss
Answer: (b).implementing the decision
Q154.
In master budgeting, the cost drivers for manufacturing overhead costs are
Discuss
Answer: (d).both a and b
Q155.
The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as
Discuss
Answer: (a).bill of materials
Q156.
The type of budget, which is always available for the specified period of future is called
Discuss
Answer: (d).continuous budget
Q157.
The plan of action; how an organization meets its opportunities and capabilities is classified as
Discuss
Answer: (b).strategy
Q158.
The focus on budget cost of all the activities necessary to sell and produce market offerings is known as
Discuss
Answer: (b).activity based budgeting
Q159.
The budgeted income statement and the supporting budget schedules are categorized under
Discuss
Answer: (d).operating budget
Q160.
If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be
Discuss
Answer: (c).8000 units