題目

Misty Co's budgetary control report for last month is as follows：

??????????????????????????????????????????????????????????? ??Fixed budget????????????????????????? Flexed budget????????????????? Actual results

???????????????????????????????????????????????????????????????????? ? $??????????????????????????????????????????? $????????????????????????????????????? $

Direct costs?????????????????????????????????????????????? ?61,100???????????????????????????????? 64,155??????????????????????????????? 67,130

Production overhead????????????????????????????????55,000?????????????????????????????????? 56,700????????????????????????????? ?54,950

Other overhead????????????????????????????????????????10,000??????????????????????????????????10,000?????????????????????????????? ?11,500

????????????????????????????????????????????????????????????? ??? 126,100???????????????????????????????130,855????????????????????????????? ?133,580

What was the volume variance for last month?

A

$4,755 (A)

B

$2,725 (A)

C

$4,755 (F)

D

$2,725 (F)

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Chapter15Budgeting

The volume variance for last month was $4,755 Adverse

The volume variance is the increase in cost resulting from a change in the volume of activity, ie the difference between the original budget and the flexed budget.? Volume variance = $126,100 - $130,855=$4,755 (A)

多做幾道

Which of the following statements about management accounting information is/are true?

(i) They must be stated in purely monetary terms.

(ii) Limited companies must, by law, prepare management accounts.

(iii) They serve as a future planning tool and are not used as an historical record.

A

(i), (ii) and (iii)

B

(i) and (ii)

C

(ii) only

D

None of the statements is true

Which of the following statements is/are correct?

(i) A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management.

(ii) An objective is a course of action that an organisation might pursue in order to achieve its strategy.

(iii) Information is data that has been processed into a form meaningful to the recipient.

A

(i), (ii) and (iii)

B

(i) and (iii)

C

(ii) and (iii)

D

(iii) only

Good information should have certain qualities. Which of the following are qualities of good information?(i) Complete(ii) Extensive(iii) Relevant(iv) Accurate

A

(i), (ii) and (iii)

B

(i), (iii) and (iv)

C

(ii) and (iv)

D

All of them

Monthly variance reports are an example of which one of the following types of management information?

A

Tactical

B

Strategic

C

Non-financial

D

Operational

Which of the following statements is/are correct?

(i) Information for decision-making should incorporate uncertainty in some way

(ii) The data used to prepare financial accounts and management accounts are the

A

(i) is true and (ii) is false

B

(ii) is true and (i) is false

C

Both are true

D

Both are false

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