Question
1.If a company plans to sell 28000 units of product but sells 40000, the most appropriate comparison of the cost data associated with the sales
1.If a company plans to sell 28000 units of product but sells 40000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on?
the original planned level of activity.
34000 units of activity.
40000 units of activity.
28000 units of activity.
2.Concord Corporation prepared a 2016 budget for 150000 units of product. Actual production in 2016 was 160000 units. To be most useful, what amounts should a performance report for this company compare?
The actual results for 160000 units with a new budget for 160000 units.
The actual results for 160000 units with the original budget for 150000 units.
The actual results for 160000 units with last year's actual results for 165000 units.
It doesn't matter. All of these choices are equally useful.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
