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Discretionary and non-discretionary cost

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Reference no: EM13258314

1. What is the difference between discretionary and non-discretionary cost?

2. The Budgeting Manager should approve capital expenditures onlyafter:

(a) The economy looks optimistic.

(b) Anticipation of greater sales ahead.

(c) Detailed study and justification of the project.

(d) The consultant approves the project.

3. The contribution margin inbreak-even analysis is derived by subtracting:

(a) Fixed costs from price.

(b) Fixed costs from variable costs.

(c) Price from variable costs.

(d) Variable cost per unit from fixed costs.

(e) Variable cost per unit from price.

4. The key initial element in developingforecasts is:

(a) A cash budget.

(b) An income statement.

(c) A sales forecast.

(d) A collection schedule.

5. The capacity and production of productsshould be carefully studied because budgeting managers:

(a) Need to know how much the machines will produce.

(b) Need to know how much labor to employ.

(c) Need to know the efficient utilization of manpower andmachinery.

(d) Need to know the long-term strategic objectives and planning.

Reference no: EM13258314

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