cost accounting test bank chapter 7.doc

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1、实用文档CostAccounting,15e(Horngren/Datar/Rajan)Chapter7FlexibleBudgets,Direct-CostVariances,andManagementControlObjective7.11)Amasterbudgetis________.A)abudgetwhichstartsfromazerobaseB)developedforaperiodforaplannedoutputC)developedattheendofaperiodD)atypeofflexiblebudgetAnswer:BDiff:1Objective

2、:1AACSB:Analyticalthinking2)Managementbyexceptionisapracticewherebymanagersfocusmorecloselyon________.A)astaticbudgetB)areasthatarenotoperatingasanticipatedC)activity-basedcostingD)exceptionaldecision-makingmodelsAnswer:BDiff:1Objective:1AACSB:Analyticalthinking3)Avarianceis________.A)thedif

3、ferencebetweenactualfixedcostperunitandstandardvariablecostperunitB)thestandardunitsofinputsforoneoutputC)thedifferencebetweenanactualresultandabudgetedperformanceD)thedifferencebetweenactualvariablecostperunitandstandardfixedcostperunitAnswer:CDiff:1Objective:1AACSB:Analyticalthinking4)Anun

4、favorablevarianceindicatesthat________.A)theactualcostsarelessthanthebudgetedcostsB)theactualrevenuesexceedthebudgetedrevenuesC)theactualunitssoldarelessthanthebudgetedunitsD)thebudgetedcontributionmarginismorethantheactualamountAnswer:CDiff:2Objective:1AACSB:Analyticalthinking实用文档5)Afavorab

5、levarianceindicatesthat________.A)budgetedcostsarelessthanactualcostsB)actualrevenuesexceedbudgetedrevenuesC)actualoperatingincomeislessthanthebudgetedamountD)budgetedcontributionmarginismorethantheactualamountAnswer:BDiff:2Objective:1AACSB:AnalyticalthinkingAnswerthefollowingquestionsusingt

6、heinformationbelow:LanderCorporationusedthefollowingdatatoevaluatetheircurrentoperatingsystem.Thecompanysellsitemsfor$18eachandusedabudgetedsellingpriceof$18perunit.ActualBudgetedUnitssold41,000units40,000unitsVariablecosts$164,000$156,000Fixedcosts$46,000$48,0006)Whatisthestatic-budgetvaria

7、nceofrevenues?A)$18,000favorableB)$18,000unfavorableC)$6,000favorableD)$4,000unfavorableAnswer:AExplanation:A)Static-budgetvarianceofrevenues=(41,000units×$18)-(40,000units×$18)=$18,000FDiff:2Objective:1AACSB:Applicationofknowledge7)Whatisthestatic