管理会计：Budgeting unit Test and Answer.docx

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1、一、单项选择题1、Which of the following is the budget committee not responsible for?A.Preparing functional budgetsB.Allocation responsibility for budgetary preparationC.Monitoring the budgeting process0.Timetabling the budgetary operation正确答案：A解析： It is the manager responsible for implementing the budget th

2、at must prepare it, not the budget committee.2、Which of the following would probably not be contained in a budget manual?A.The production cost budgetB.A timetable for budget preparationC.An organization chart.Specimen budgetary control reports正确答案：A3、Which of the following are purposes of a budget?(

3、i) establishing strategic options(ii) motivating management(iii) establishing long term objectives(iv) planning operationsA.(i) and (iii) onlyB.(ii) and (iv) onlyC.(ii), (iii) and (iv) onlyD.(i) and (iv) only正确答案：B4、Which of the following best describes a principal budget factor?A.A factor which lim

4、its the activities of an organisation.B.A factor that affects all budget centres.C.A factor that the management accountant builds into all budgets.D.A factor that is controllable by a budget centre manager.正确答案：A5、What does the statement sales is the principal budget factor mean?A.The companys activ

5、ities are limited by the level of sales it can achieveB.Sales is the largest item in the budgetC.The level of sales will determine the level of profit at the end of the periodD.The level of sales will determine the level of cash at the end of the period正确答案：A解tfr： The principal budget factor is the

6、factor which limits the activities of an organisation. Although cash and profit are affected by the level of sales, sales is not the only factor which determines the level of cash and profit.6、Which of the following BEST describes the purpose of a flexible budget?A .To ensure managers are motivatedB

7、.To facilitate control by preventing discretionary expenditureC.To facilitate control by establishing a budget relevant to actual activity levelsD.To enable accurate reforecasting when actual costs are known正确答案：C解析： A flexible budget facilitates control by establishing a budget relevant to actual a

8、ctivity levels.7、The following statements relate to fixed budgets and flexible budgets.(i) If production levels far exceed those anticipated, relying on a fixed budget is likely to result in massive variancesFlexible budgets assist management control by providing dynamic, comparable information(ii)

9、Flexible budgets are always superior to fixed budgetsWhich statements are true?A.(i), (ii) and (iii)B.(ii) and (iii) onlyC.(i) and (ii) onlyD.(i) only正确答案：C解析： Statement (iii) is false. If output levels are stable, a fixed budget is appropriate as the additional time and effort required to produce a

10、 flexible budget would not be justified.8、The budgeted variable cost per unit was $2.75.When output was 18,000 units, total expenditure was $98,000 and it was found that fixed overhead were $11, 000 over budget whilst variable costs were in line with budget.What was the amount budgeted for fixed cos

11、ts?A.$49z500B.$87,000C.$48z500D.$37,500正确答案：D解析：D、$Total expenditure98,000Budgeted variable coat(18,000*2.75)49,500Actual fixed costs incurred48,500Fixed overhead expenditure variance11,000Budgeted fixed costs37,500 9、QT Co manufactures a single product and an extract from their flexed budget for pr

12、oduction costs is as follows.Activity level(80%)Activity level (90%)$Direct material2,4002,700Labour2,1202,160Production overhead4,0604,0808,5808,940What would the total production cost allowance be in a budget flexed at the 83% level of activity? (to the nearest $)A.$6,266B.$8,586C.$6,888D.$8,688正确

13、答案：D解析：Direct material cost per 1% = $30Labour and production overhead:At 90% activity$6,240At 80% activity$6,180Change 10%$60Variable cost per 1% activity = $60/10% = $6Substituting in 80% activity:Fixed cost of labour and production overhead = $6,180 - (80 * $6)= $5,700Flexed budget cost allowance

14、:Direct material $30 * 83$2,490Labour and production overhead:variable $6 * 83$498fixed$5,700$8,68810、Which of the following statements are true?(i) A flexed budget allows businesses to evaluate a managers performance more fairly(ii) A fixed budget is useful for defining the broad objectives of the

15、organisation(iii) Relying on fixed budgets alone would usually give rise to massive variancesA.(ii) and (iii) onlyB.(i) and (iii) onlyC.(i) and (ii) onlyD.(i), (ii) and (iii)正确答案：D解析： Statement (i) is true because certain factors are often out of the managers control. The level of sales (or producti

16、on) will be out of the managers control and a flexed budget will account for this.Statement (ii) is true. The major purpose of a fixed budget is at the planning stage when it seeks to define the broad objectives of the organisation.Statement (iii) is true because forecast volumes are very unlikely to be equal to actual volumes and so the variances will contain large volume differences.