Reference no: EM132657034

Problem 1: For the company that does not have resource limitation, in what sequence would following budgets be prepared?

i. cash budget

ii. sales budget

iii. inventory budget

iv. production budget

v. purchases budget

a. sequence ii, iii, iv, v and i.                  c. sequence ii, iv, iii, v, and i.

b. sequence ii, iii, iv, I and v.               d. sequence iv, iii, ii, I, and v. (rpcpa)

Problem 2: Budgets that are prepared for various degrees of plant operations and are used to control costs at different levels of productive capacity is: (rpcpa)

a. Operating budgets.                  c. Rolling budgets.

b. Flexible budgets.                     d. Out-of-pocket costs.

Problem 3:  Feedback, feedforward, and preventive are important types of control systems and procedures for accounting information system. Which of the following is in the correct order of feedback, feedforward, and preventive control system? (cma)

a. Cost accounting variances, separation of duties, and cash planning.

b. Cash budgeting, capital budgeting, and hiring qualified employees.

c. Inventory control, capital budgeting, and cash budgeting.

d. Cost accounting variances, cash budgeting, and organizational independence