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Management Accounting Questions and Answers

Question 5

A company has identified the trend in its sales figures through the regression equation Y = 65.9 + 3.86X, where Y is the sales revenue in thousands of dollars and X is the month number. The average seasonal variation for October is 87%

Calculate the forecast sales revenue for October of Year 6.

Give your answer to the nearest $000.

Options:

Question 6

A master budget comprises which of the following?

Options:

The budgeted income statement and the budgeted cash flow statement only.

The budgeted income statement and the budgeted statement of financial position only.

The budgeted income statement and budgeted capital expenditure only.

The budgeted income statement, the budgeted statement of financial position and the budgeted cash flow statement only.

Question 7

Place the type of budget or cost against its definition.

Options:

Question 8

A company's product range includes Product N. The costs relating to Product N are shown below:

The direct labour costs relate to specialists employed to work wholly and exclusively with Product N.

If the company stopped making Product N, the insurance overhead cost would cease, but overhead cost J would be unaffected. Both overheads are absorbed in direct proportion to material costs.

Which of the following costs should be used in the decision whether to stop making Product N?

Options:

$910,100

$850,000

$944,100

$884,000

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Management Accounting Questions and Answers

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