Question: 1-1. ( ) A master budget forces managers to examine the business as they plan, so they can . detect inaccurate historical records to avoid

1-1. ( ) A master budget forces managers to examine the business as they plan, so they can

detect inaccurate historical records to avoid errors in budgets
set expectations against which actual results can be compared
complete the budgeting task on time
ensure that only financial risks and opportunities are incorporated

1-2. ( ) For next year, Roberto, Inc., has budgeted sales of 15,000 units, targeted ending finished goods inventory of 750 units, and beginning finished goods inventory of 450 units. All other inventories are zero. How many units should be produced next year?

14,700 units
15,000 units
15,300 units
16,200 units

1-3. ( ) A flexible-budget variance is $600 favorable for unit-related costs. This indicates that costs were .

$600 more than the master budget
$600 less than for the planned level of activity
$600 more than standard for the achieved level of activity
$600 less than standard for the achieved level of activity

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