question archive All of the following costs are traceable to specific sales departments except: Select one: a
All of the following costs are traceable to specific sales departments except: Select one: a
Subject:AccountingPrice: Bought3
All of the following costs are traceable to specific sales departments except:
Select one:
a.Cost of goods sold.
b.Depreciation of equipment and fixtures used in the department.
c.Advertising a special sale in a particular department.
d.The salary of the store manager.
Question6
Which of the following is not a characteristic of the total quality approach to setting budgetary targets?
Select one:
a.Absolute efficiency.
b.A perception that the budget is fair.
c.Budgetary targets that are unattainable.
d.Budgeted performance expectations that cannot be exceeded.
Question7
Which element of a master budget would normally be prepared first?
Select one:
a.A production budget.
b.A cash budget.
c.A budget of operating expenses.
d.A sales forecast.
Question8
In a cash budget, the budgeted level of cash receipts depends on all of the following except:
Select one:
a.The sales forecast.
b.The credit terms offered to customers.
c.The credit terms offered by suppliers.
d.Experience in collecting receivables.
Question9
Costs that rise and fall proportionately with the volume of output are often referred to as:
Select one:
a.Variable costs.
b.Flexible costs.
c.Idle capacity costs.
d.Uncontrollable costs.
Question10
Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $400,000, of which $240,000 pertain to sales that were made during June. Budgeted sales for July are $1,250,000. Ross collects 70% of sales in the month of sale; 20% in the following month; and the final 10% in the second month after the sale.
What are Ross's budgeted collections for July?
Select one:
a.$800,000.
b.$939,000.
c.$1,083,000.
d.$915,000.
