MALİYET VE YÖNETİM MUHASEBESİ

The correct answer is C. Budget is a quantitative expression of the managements’ plans for a specific period of time, either in physical or financial terms or both

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.

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.