MALİYET VE YÖNETİM MUHASEBESİ - Deneme Sınavı - 3

Differential cost is the difference in total cost that will arise from the selection of one alternative to the other.

The correct answer is D. Master budget translates the objectives into actions by reflecting the operational and financial plans for the following period. Therefore, it is made of two separate series of schedules and budgets; operating budgets and financial budgets.

Total Profit (P) = Total Revenue (Sales) (TR) – Total Cost (TC)

The correct answer is D. Budgets help the companies by providing efficient allocation of resources among operations. They are used in communicating the expectations from each component of the business to all subordinates and provides coordination among every component by assigning a common goal for all. Besides, budgets provide an opportunity to save their time by foreseeing the possible bottlenecks in operations and taking preventive actions.

The correct answer is C. The other budget types given in the options are among the budget types according to their scope.

The correct answer to question is option A. Financial budgets are the budgets representing the sources and uses of cash during the budget period, as well as the expected financial position as of the end of the period.

The correct answer is D.  Cost of Goods Sold Budget is an example of an operating budget.

The correct answer is C. In ABB, managers focus on the activities and resources needed to meet the customer demands for the following year.

The correct answer to question is option A. If the operations are suggested to incur cumulatively over the years, incremental budgeting is preferable; whereas zero-based budgets may be better for planning each year separate than the preceding one.

The correct answer is question E. When managers consciously include higher expenditures and lower revenues than they actually believe will occur, budgetary slack (padding the budget is occured. Budgetary slack is one of those negative behavioral issues. Because budgetary slack causes lower capacity utilization of resources and may lead labors to make half-hearted efforts to meet the targets

The correct answer to question is option A. Once the revenues and costs are calculated, budgets for operating activities are created and all input become ready for a pro forma income statement. This statement is the last schedule for the operating budget.

The correct answer is B. The management uses standards to prepare the budgets of the coming period; so that at the end of the period they can evaluate the performance of operations by comparing the actual results with the budgeted targets that are determined with the help of standards.

The correct answer is B. Managers use two methods for setting the cost standards: historical data analysis and task analysis. Task Analysis method, historical data has no use. Managers work together with the engineers to determine the standards. By analyzing the tasks during the production the standards.

The correct answer to question is option A. The features given in other options are those of fix standards.

The correct answer is D. Quantity standard is classification according to subject of standard. Classification According to Updating Frequency are fixed standards and kaizen standards.

The correct answer is D. The statements in the other embodiments refer directly to establishing the standard cost for direct labor.

The correct answer is C. A standard cost sheet is a record that specifies the details of standard costs (including both price and quantity) for all manufacturing factors needed for producing one unit.

The correct answer to question is option A. Managers consider these two variances for price and quantity (efficiency) to learn about efficiencies (inefficiencies) in purchasing or using the resources, and if necessary, take corrective actions.

The correct answer is D. Direct labor price variance arises when the wage rate that a company pays is different from the standard rates predetermined before the beginning of the period.

The correct answer is question E. Because this ratio is evaluated the necessity of material purchases.