Topic 3

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The budget or schedule that provides necessary input data for the direct labor budget is the

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Which of the following budgets are prepared before the sales budget

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The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows

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What are the 3 ways that Activity Based Costing differs from Traditional Costing?

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In ABC both manufacturing and non manufacturing costs are assigned to products (only on cause-and-effect basis).

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ABC assigns ALL manufacturing and ALL non manufacturing costs.

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An event that causes the consumption of overhead resources.

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A "cost bucket" in which costs related to a single activity measure are accumulated.

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An allocation base in an activity-based costing system.

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Simple count of the number of times an activity occurs

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A measure of the amount of time needed for an activity

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Activity Based Costing relies only on allocation bases that are driven by the volume of production

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providing power to run processing equipment would be a(n)

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setting up equipment and shipping customer orders are

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designing or advertising a product would be:

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sales calls and catalog mailings would be

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heating a factory and cleaning executive offices are

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What is not a reason that companies may not use ABC for external reporting?

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Ordinarily cover a one-year period corresponding to a company’s fiscal year. Many companies divide their annual budget into four quarters

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12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. This approach keeps managers focused on the future at least one year ahead.

202 accounting Quiz on Topic 3, created by stevensae on 04/05/2015.

The budget or schedule that provides necessary input data for the direct labor budget is the

Which of the following budgets are prepared before the sales budget

The excess or deficiency of cash available over disbursements on the cash budget is calculated as follows

What are the 3 ways that Activity Based Costing differs from Traditional Costing?

In ABC both manufacturing and non manufacturing costs are assigned to products (only on cause-and-effect basis).

ABC assigns ALL manufacturing and ALL non manufacturing costs.

An event that causes the consumption of overhead resources.

A "cost bucket" in which costs related to a single activity measure are accumulated.

An allocation base in an activity-based costing system.

Simple count of the number of times an activity occurs

A measure of the amount of time needed for an activity

Activity Based Costing relies only on allocation bases that are driven by the volume of production

providing power to run processing equipment would be a(n)

setting up equipment and shipping customer orders are

designing or advertising a product would be:

sales calls and catalog mailings would be

heating a factory and cleaning executive offices are

What is not a reason that companies may not use ABC for external reporting?

Ordinarily cover a one-year period corresponding to a company’s fiscal year. Many companies divide their annual budget into four quarters

12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. This approach keeps managers focused on the future at least one year ahead.