TB MC Qu. 6-34 (Static) The Page Turner Publishing Company is trying...

The Page Turner Publishing Company is trying to decide whether to accept a special order for its latest blockbuster. In making this decision, which level of costs will most likely be relevant to the decision?

Multiple Choice

• Batch-level costs.

• Facility-level costs.

• Unit-level costs.

• None of these answers are correct.

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TB MC Qu. 6-26 (Static) Select the incorrect statement concerning...

Select the incorrect statement concerning opportunity costs.

Multiple Choice

• Opportunity costs are cumulative.

• Opportunity costs are not recorded in the books.

• Opportunity costs are relevant costs.

• Opportunity costs are future-oriented.

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TB MC Qu. 6-58 (Static) When evaluating alternatives, what type...

When evaluating alternatives, what type of costs should be considered?

Multiple Choice

• Fixed costs

• Sunk costs

• Prevention costs

• Relevant costs

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TB MC Qu. 6-23 (Static) The benefits sacrificed when one alternative...

The benefits sacrificed when one alternative is chosen over another are referred to as:

Multiple Choice

• Beneficial costs.

• Sacrificial costs.

• Avoidable costs.

• Opportunity costs.

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TB MC Qu. 7-13 (Static) When a company's district managers submitted...

When a companys district managers submitted their preliminary budget proposals, top management discovered that the southern district manager had requested a new project management information system. Unfortunately, the system is incompatible with the system used at headquarters. Which of the following advantages of budgeting reduces the likelihood that the company will end up with two incompatible systems?

Multiple Choice

• Coordination

• Performance measurement

• Corrective measures

• Planning

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TB MC Qu. 7-41 (Static) Which of the following would appear on a...

Which of the following would appear on a selling and administrative expense budget, but would not appear on a schedule of cash payments for selling and administrative expenses?

Multiple Choice

• Cost of goods sold

• Salary expense

• Sales expense

• Depreciation expense

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TB MC Qu. 7-17 (Static) Which of the following would be prepared...

Which of the following would be prepared first when a merchandising company uses a master budget?

Multiple Choice

• Sales forecast

• Selling and administrative expense budget

• Budgeted income statement

• Inventory purchases budget

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TB MC Qu. 7-1 (Static) Expressing plans for a business in financial...

Expressing plans for a business in financial terms is commonly called:

Multiple Choice

• operational planning.

• master planning.

• strategic planning.

• budgeting.

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TB MC Qu. 7-64 (Static) Which of the following would not be included...

Which of the following would not be included in the inventory purchases budget?

Multiple Choice

• Desired ending inventory

• Cash collections

• Required purchases

• Budgeted cost of goods sold