A. A budgeting error
B. A favorable difference
C. An unfavorable difference
D. An excess avail
2) The conceptual framework developed by the Financial accounting system Standards Board __________.
A. was approved by a vote of every last(predicate) accountants
B. are rules that all accountants must follow
C. is viewed as providing a constitution for setting accounting standards for financial reporting
D. is lawfully binding on all accountants
3) In what situations will a static budget be most effective in evaluating a managers effectiveness?
A. The club has substantial fixed costs.
B. The company has substantial variable costs.
C. The planned activity levels match actual activity levels.
D. The company has no fixed costs.
4) A well-designed activity-based be system starts with __________.
A. identifying the activity-cost pools
B. computing the activity-based operating expense rate
C. assigning manufacturing overhead costs for each activity cost pool to products
D. analyzing the activities performed to effect a product
5) As Plant Controller, you are exhausting to determine which costs over which you have the most witness on a day to day basis. Your goal is to fulfill better profitability.
The Plant Operations Manager suggests that overhead is the easiest discipline to directly reduce costs. Which of the following items would be classified as manufacturing overhead?
A. Factory janitor
B. General corporate liability insurance
C. Cost of landscaping the corporate office
D. The western divisions debility presidents salary
6) Balance sheet accounts are considered to be __________.
A. shipboard stockholders accounts
B. permanent accounts
C. capital accounts
D. nominal accounts
7) One of Astro Companys activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of...If you want to get a full essay, order it on our website: Orderessay
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