1 Not yet answered Marked out of 1.00 Flag question The process of budgeting includes: O a. Preparation of budget Ob. Budget control Oc. Budget co-ordination Od. All the options listed estion 2 ot yet swered arked out of Flag question Azad LLC uses activity based costing and gives you the following data regarding cost pools and estimated overhead cost for each pool: Machine related RO 150,000. Material handling RO 250,000. Purchase related RO 540,000. General factory RO 420,000. The amount of total estimated overhead is: O a. RO 940,000 O b. RO 1360,000 O c. RO 1120,000 O d. RO 400,000 Question 3 Not yet answered Marked out of The following data is provided to you: Budgeted sales OMR 1.00 March 17,000 Flag question April 18,000 May June 16,000 15,800 The cash sale is 30%. It is estimated that 75% of the credit sales will be received in the next month of sales and the balance in the month after that. The amount of cash received from debtors in the month of June is: O a. RO 11,550 O b. RO 11,095 O c. RO 12,425 O d. RO 11,165 Question 4 Not yet answered Marked out of 1.00 Flag question A fixed budget is: O a. A budget that is never changed O b. A budget that is constantly changed Oc. A budget that is set for a specified level, of activity O d. A budget that estimates the fixed cost of a department Question 5 Not yet answered Marked out of 1.00 Flag question The budget that is prepared for a single level of activity and single set of business conditions is: O a. Flexible budget O b. Fixed budget O c. Capital expenditure budget Od. Cost of production budget Question 6 Not yet answered Marked out of 1.00 Flag question The cost driver for material movement cost is: O a. Number of material moves O b. Number of set ups O c. Number of material inspections O d. Number of material orders Question 7 Not yet answered Marked out of 1.00 Flag question Which among the following costs will be zero if production is nil? O a. Semi variable cost O b. Variable cost O c. Both semi variable cost and fixed cost Question 8 Not yet answered Marked out of 1.00 Flag question A budget is accepted when it is: O a. Planned O b. Approved and communicated in written form O c. Approved orally O d. Discussed Question 9 Not yet answered Marked out of 1.00 Flag question Which one of the following companies can most benefit from LCC? O a. Those with low investment in fixed assets Ob. Those with high research and development Oc. Those with huge advertising costs O d. Those with products that have a long life cycle