Accounting MCQs — Test 21

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Question 1

The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

Question 2

The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

Question 3

The budgeted income statement and the supporting budget schedules are categorized under _____________?

Question 4

The higher and accurate budgeted profit forecast of managers lead to __________?

Question 5

The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as ___________?

Question 6

The starting point in the operating budget is __________?

Question 7

The budget plan in many companies is also referred as ___________?

Question 8

The practice, which makes target more achievable by underestimating revenues or overestimating cost is called _____________?

Question 9

In Kaizen budgeting, the costs are based on all the improvements which is __________?

Question 10

The better administration of budget in budgeting plans require:_____________?