1)The _______________ is an example of financial budgets.

	A.	Budgeted balance sheet
	B.	Sales budget
	C.	Direct material budget
	D.	Budgeted income statement

2)

Which of the following is not an "operating" budget?

	A.	production budget
	B.	sales budget
	C.	purchases budget
	D.	capital budget

3) The cash budget is normally included in the financial budget of a firm.

True

False

4)

Given actual amounts of a mixed (semivariable) cost for various levels of output, which of the following will give the most precise mathematical measure of the fixed and variable components with the availability of Excel spreadsheets?

	A.	Regression analysis (Least-squares method)
	B.	High-low method
	C.	Scattergram approach
	D.	Bayesian statistics

5)

Which one of the following is an example of semi-variable (mixed) costs?

	A.	Insurance
	B.	Supplies
	C.	Supervisor's salaries
	D.	Maintenance