Ünite Sınavı Soruları

Which of the following provides an important input for the preparation of both pro forma balance sheet and cost of goods sold budget?

"The direct labor budget........................."

Which of the following best completes the statement above?

Which of the following is the type of budget that managers focus on the activities and resources needed to meet the customer demands for the following year? 

1. A budget represents the detailed plan of how the company will acquire and use financial and other resources during the following budget period.
2. A budget includes both financial and non-financial aspects to better guide the operations and project their results.
3. In terms of planning, budgets translate the goals and strategies into operational terms for the corresponding time span, usually a fiscal year.
4. Budgets are the statements that quantitatively represent the management’s plans for a specific period of time.
5. Budget is a quantitative expression of the managements’ plans for a specific period of time in financial terms only.

Which of the statements above related to budget are correct?

1. allocating the company’s resources to each operation effectively
2. communicating the objectives and goals to the subordinates
3. motivating the superiors and subordinates towards the goals
4. providing coordination among all divisions or employees
5. comparing the actual and budgeted results, and take corrective actions, if necessary
6. taking necessary precautions for the possible bottlenecks that the company may face in the following period

Which of the statements above related to the objectives of budget are correct?

If the operations are suggested to incur cumulatively over the years which budgeting technique is preferable?

1. Allocating the company’s resources to each operation effectively
2. Communicating the objectives and goals to the subordinates
3. Motivating the superiors and subordinates towards the goals
4. Providing coordination among all divisions or employees

Which of the above are among objectives of budgeting?

Which of the following is not one of the budgeting techniques?

1. Budget is a quantitative expression of the managements’ plans for a specific period of time, either in physical or financial terms or both.
2. Master budgeting is the process of evaluating the feasibility of a project, using some indicators such as rate of return, the time needed to pay back, etc.
3. Capital budgeting is the combination of operational and financial budgets covering all aspects of company’s operations for a period of time.
4. The master budget is made of two separate series of schedules and budgets; operating budgets and financial budgets.

Which of the statements above aboout budgets are correct?