10 Not yet answered Marked out of 1.00 Flag question While preparing a flexible budget, direct material, direct labour and direct expenses are placed under which among the following head? O a. Fixed cost O b. Semi variable cost Oc. Administration cost O d. Variable cost Question 11 Not yet answered Marked out of 1.00 Flag question Management accounting is: O a. Communication oriented O b. Control oriented O c. Future oriented O d. Past oriented Question 12 Not yet answered Marked out of 1.00 Flag question A forecast set of final accounts is known as: O a. Cash budget O b. Master budget Oc. Capital budget O d. Sales budget Question 13 Not yet answered Marked out of 1,00 Flag question Target cost gap does not exist when: O a. Estimated sale price is less than the actual cost O b. Estimated actual cost is within the maximum allowable limit for cost O c. Estimated sale price is greater than the actual cost O d. Estimated actual cost is above the maximum allowable limit for cost Question 14 Not yet answered Marked out of 1.00 Flag question The master budget will comprise: O a. The preparation of projected Income statement and Balance Sheet only O b. The cash budget only O c. All functional budgets in the capsule form O d. The cash budget and the projected Income statement and the Balance Sheet estion 15 ot yet swered arked out of 00 Flag question Given Production at 40% plant capacity is 400 units. The following information is furnished before you: RO 25 per unit Direct material Direct Labour Direct Expenses Factory Overheads (60% variable) RO 8 per unit RO 2 per unit 14,000 Administration expenses (60% fixed) 20,000 What will be the factory overhead cost per unit for production at 70% capacity? O a. RO 64 per unit O b. RO 21 per unit O c. RO 70 per unit Od 80 29 per unit of tion Which one of the following is not a function of budgeting? O a. Controlling O b. Motivating O c. Decision making O d. Planning of tion A flexible budget is one which: a. Is adjusted to reflect different costs at different activity levels O b. Is constantly being changed O c. Includes only the variable costs O d. Will be rolled down every month with the updated figures + red 20 dout of Al Zulekha LLC produces three products Product X, Y and Z. The purchase orders required for the three products are as follows: X-140 orders Y-220 orders question Z-320 orders The total purchase related costs amounts to RO 340,000. The purchase related overhead assigned to each of the three products were: O a. RO 70,000 for product X, RO 110,000 for product Y, RO 160,000 for product Z Ob. RO 148,750 for product X, RO 233,750 for product Y, RO 160,000 for product Z O c. RO 160,000 for product X, RO 70,000 for product Y, RIO 110,000 for product Z Od. RO 160,000 for product X, RO 148,750 for product Y, RO 233,750 for product Z Question 18 Not yet answered Marked out of 1.00 is the first step of budgetary system and all other budgets depend on it. O a. Cost budget O b. Production budget Flag question Oc. None of the options listed Question 19 Not yet answered O d. Sales budget Which among the following details are presented by a flexible budget at various levels of business activity? 4 Marked out of 1.00 Oa. All the options listed O b. Profits Flag question Oc. Revenues O d. Costs Fin Tim