ACC313



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ACC313 TMA2
Q1
The following are the objectives of budgetary control except……….
to record the actual performance


The â€!â€!â€!â€!â€|â€!â€|â€!. shows the difference between the actual costs incurred and the standard costs.
Answer: material cost variance



Q2
A budget which is designed to change in accordance with the level of activity attained is………………...
a flexible budget



Q3
Costs which contain a standing basic charge plus a variable charge per unit of consumption is known as…………..
mixed cost



Q4
The level of activity is the ………………………………
all of above



Q5
 â€¦â€¦â€¦â€¦â€¦â€¦â€¦.is a summary of the company\'s expected cash inflows and outflows over a given period of time.
a cash budget



Q6
The capacity that is not required is
idle capacity




Q7
 The standards that are based on perfect operating conditions are
Ideal standards



Q8
 A costing method where the output of one department becomes the input of another department is called……..
process costing



Q9
Reasons for adopting a standard costing technique include all the following, except……………
confidence of the users may be eroded



Q10


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Whatsapp: 08131667008