a) true b) false The following costs are related to questions 15 - 18: A factory produces two products, A and B. The following costs are related to these products. Direct material Direct labor Indirect manufacturing costs 15. What is the total cost of Product A? Product A TL 30 Product B TL 15 TL 20 TL 10 TL 10 TL 25 a) TL 40 b) TL 50 c) TL 60 d) TL 70 e) TL 80 16. What is the total cost of Product B? a) TL 40 b) TL 50 c) TL 60 d) TL 70 e) TL 80 17. If 10 units of Product A are produced, what is the unit cost of Product A? a) TL 4 b) TL 5 c) TL 6 d) TL 7 e) TL 8 18. If 5 units of Product B are produced, what is the unit cost of Product B? a) TL 4 b) TL 5 19. What is a budget? c) TL 6 d) TL 8 e) TL 10 a) a plan for the future income and expenditures b) a plan for the past income and expenditures c) a plan for the future assets d) a plan for the past liabilities e) a plan for the future salaries 20. The budget of a company helps to control the following costs: a) maintenance costs b) advertising costs c) material costs d) wages e) all of the mentioned costs Indicate whether the statements 21 - 23 are true or false: 21. The values of a budget are estimations which are the outcomes of statistical analysis and logical conclusions on historic data and events. a) true b) false 22. Unattainable budgetary standards should be encouraged. a) true b) false 23. Departmental budgets need a high level of coordination among the employees of the same and of other departments. a) true b) false The following case is related to questions 24-25: Projected sales units of XYZ Corporation are as follows: I. Three Months II. Three Months III. Three Months IV. Three Months Product C 15 10 Target sales price for Product C: 5 TL/unit 5 20 24. What is the projected total amount of units which will be sold in the year? a) 5 units b) 10 units c) 20 units d) 50 units 25. What is the projected total sales income of the year? a) TL 50 b) TL 100 c) TL 150 e) 80 units d) TL 200 e) TL 250