NAME: ________________________

Managerial Accounting Test

Question Types


Start With


Question Limit

of 25 available terms

Upgrade to
remove ads

5 Written Questions

5 Matching Questions

  1. Activity-based budgeting (ABB)
  2. Strategic budget expenditures
  3. Zero-base budgeting (ZBB)
  4. Practical capacity
  5. Operating budgets
  1. a Planned spending on projects and initiatives that lead to long-term value and competetive advantage.
  2. b The measure of capacity used to estimate cost-driver rates under ABC and TDABC systems.
  3. c Plans for all phases of operations and include production, purchasing, personnel, and marketing budgets.
  4. d A budgeting process based on activities and cost drivers of operations.
  5. e A budgeting process that requires managers to prepare budgets from a zero base.

5 Multiple Choice Questions

  1. Shows expected sales in units at their expected selling prices.
  2. Identify sources and uses of funds for budgeted operations and capital expenditures
  3. Consistency between the goals of the firm, its subunits, and its employees.
  4. Shows the physical amount and cost of planned purchases of direct materials.
  5. A budgeting approach that incorporates continuous improvement expectations in the budget.

5 True/False Questions

  1. BudgetingThe process of projecting continuing operations and projects and then reflecting their financial impact.

          

  2. Direct materials usage budgetShows the amount and budgeted cost of direct material required for production

          

  3. Relative performance contractsReward managers for performance based on comparison of actual results with specified benchmarks not budgeted targets.

          

  4. Merchandise purchases budgetShows the amount of merchandise it needs to purchase during the period.

          

  5. Gaming the performance measureA result on non-value-adding actions taken by managers to improve indicated performance.

          

Create Set