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起止时间:2020-02-20到2020-06-20
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Chapter 10 Master Budget（全面预算） Test-Lesson 10
1、 Which of the following statement is not true?
A:The master budget consists of a number of separate but interdependent budgets that formally lay out the company’s sales, production, and financial goals.
B:The master budget culminates in a cash budget, a budgeted income statement, and a budgeted balance sheet.
C:The first step of budgeting for any type of organizations in any industry is to budget for the operation process.
D:Although operational budgets are adapted according to the industries, the preparation for budgeted income statement, cash and balance sheet are very similar.
答案: The first step of budgeting for any type of organizations in any industry is to budget for the operation process.
2、 Which of the following is not true about operational budget?
A:Budget sales equal budgeted selling price multiplied with budgeted sales in units.
B:After we have budgeted our sales, we must make sure the production budget is adequate to meet the forecasted sales and to provide for the desired ending inventory.
C:Desired ending inventory in last month becomes beginning inventory in this month
D:The first step in preparing the production budget is to prepare Direct Materials Budget
答案: The first step in preparing the production budget is to prepare Direct Materials Budget
3、 Which of the following types of manufacturing costs are not included in the overhead budget?
A:Supervision and maintenance costs
B:Direct labour and direct materials costs
C:Electricity costs
D:Amortization and indirect labour costs
答案: Direct labour and direct materials costs
4、 Read the information and answer the following three questions.Silifone Manufacturing Company has the following sales budget:Month (in €000)January 500February 400March 550April 450May 500June 470 The cash collection schedule of sales has been as follows:70% of sales collected in month of sale20% of sales collected in month following sale5% of sales collected in second month following sale5% of sales is uncollectibleWhat is the ending balance of accounts receivable for May, assuming the uncollectible balance is written off after the second month?
A:€150,000
B:€172,500
C:€195,000
D:€205,000
答案: €195,000
5、 What are the cash collections for March, 20X7?
A:€465,000
B:€490,000
C:€515,000
D:€550,000
答案: €490,000
6、 At the end of August there was $180,000 in inventory. At the end of September there was $190,000 in inventory. During August, $100,000 was paid to suppliers for purchases made in August and $10,000 was paid for purchases made prior to August. September’s cost of goods sold was $420,000. The company pays for 80% of a month’s purchases in the month of the purchase and pays 20% in the month following the purchase. What is the total amount of cash disbursements made in September for purchases?
A: €344,000
B:€353,000
C:€361,000
D: €369,000
答案: €369,000
7、 A company has the following incomplete production budget data for the first quarter: January February MarchExpected unit sales 1,000 3,000 4,000 In the previous December, ending inventory was 100 units, which was the minimum required, at 10% of projected sales units in the coming month. What is the expected production in February?
A:3,000 units
B:3,100 units
C:3,400 units
D:3,600 units
答案: 3,100 units
8、 Which of the following statement is true? There may be more than one correct answer.
A:To make sure that a budget program will be successful, top management must be enthusiastic and committed to the budget process
B:To make sure that a budget program will be successful, top management must not use the budget to blame employees when something goes wrong
C:To make sure that a budget program will be successful, budget targets should be challenging but achievable
D:To make sure that a budget program will be successful, top management must look into any differences between actual results and budget, and employees must be blamed when something goes wrong
答案: To make sure that a budget program will be successful, top management must be enthusiastic and committed to the budget process;
To make sure that a budget program will be successful, top management must not use the budget to blame employees when something goes wrong;
To make sure that a budget program will be successful, budget targets should be challenging but achievable
9、 Which of the following statement is true about budgeted income statement? There may be more than one correct answer.
A:The sales revenue for the budgeted income statement comes from the sales budget.
B:The cost of goods sold, on a per unit basis, for the budgeted income statement, comes from the ending finished goods inventory budget.
C:The selling and administrative expenses for the budgeted income statement come from the S & A budget.
D:The interest expense for the budgeted income statement comes from the production budget.
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