Budget reports provide the feedback needed by management to see whether actual operations are on course. Question 5
The manager of an investment center can improve ROI by reducing average operating assets. Question 6
What is budgetary control? Question 7
A static budget is appropriate in evaluating a manager ' s performance if Question 8
What is the primary difference between a static budget and a flexible budget? Question 9
If a company plans to sell 48,000 units of product but sells 60,000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on Question 10
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:
Fixed manufacturing costs Variable manufacturing costs
$ 50,000 per month $ 12.00 per ton of steel
Nikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March? Question 11
At 18,000 direct labor hours, the flexible budget for indirect materials is $ 36,000. If $ 37,400 are incurred at 18,400 direct labor hours, the