Budgeting-cost centers and responsibility

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Reference no: EM1326133

1. Which one of the following factors would cause budgeted revenue to be less than the expected demand?

Excess capacity exists
Abundant resources are available
Excess supply of labor exists
Demand exceeds capacity

2. If a firm is using activity-based budgeting, the firm would use this in place of which of the following budgets?

Manufacturing overhead budget
Direct labor budget
Direct materials budget
Revenue budget

3. A responsibility center where the manager is accountable for only the revenues and costs is a(n)

profit center.
revenue center.
investment center.
cost center.

4. A cost that is primarily subject to the influence of a given responsibility center manager for a given period is a(n)

controllable cost.
allocated cost.
sunk cost.
uncontrollable cost.

Reference no: EM1326133

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