Question 6.6. What is another name for the static budget? (Points : 2)

master budget. overhead budget. permanent budget. inflexible budget.

Question 7.7. What is the purpose of the sales budget report? (Points : 2)

determine whether sales goals are being met. control selling expenses. determine whether income objectives are being met. control sales commissions.

Question 8.8. The production budget shows expected unit sales of 65,000. Beginning finished goods units are 11,200. Required production units are 67,200. What are the desired ending finished goods units? (Points : 2)

9,000 11,200 12,800 13,400

Question 9.9. Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets? (Points : 2)

Direct materials cost Direct labor cost Variable manufacturing overhead Fixed manufacturing overhead

Question 10.10. Which of the following are financial measures of performance?

Controllable margin

Product quality

Labor productivity

(Points : 2)

1 2 3 1 and 3

Question 11.11. The direct materials and direct labor budgets provide information for preparing what? (Points : 2)

sales budget. production budget. manufacturing overhead budget. cash budget.