Cost and Management Accounting · Topic 16

Budgeting and Budgetary Control Quiz

Work through 25 multiple-choice questions, one at a time. Submit each answer for feedback. At the end, review your score and see which concepts to revisit.

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1. Production units from sales, desired closing and opening inventory. What is the result using 1,000, 200, 80 in that order? Round to two decimals if needed.
2. Closing cash from opening, collections and payments. What is the result using 1,100, 212, 84 in that order? Round to two decimals if needed.
3. Materials purchases from usage, desired closing and opening materials. What is the result using 1,200, 224, 88 in that order? Round to two decimals if needed.
4. Unfavourable cost variance from actual and flexed costs. What is the result using 1,300, 236 in that order? Round to two decimals if needed.
5. Payroll budget from hours and hourly rate. What is the result using 1,400, 248 in that order? Round to two decimals if needed.
6. Production units from sales, desired closing and opening inventory. What is the result using 1,240, 224, 88 in that order? Round to two decimals if needed.
7. Closing cash from opening, collections and payments. What is the result using 1,340, 236, 92 in that order? Round to two decimals if needed.
8. Materials purchases from usage, desired closing and opening materials. What is the result using 1,440, 248, 96 in that order? Round to two decimals if needed.
9. Unfavourable cost variance from actual and flexed costs. What is the result using 1,540, 260 in that order? Round to two decimals if needed.
10. Payroll budget from hours and hourly rate. What is the result using 1,640, 272 in that order? Round to two decimals if needed.
11. Production units from sales, desired closing and opening inventory. What is the result using 1,480, 248, 96 in that order? Round to two decimals if needed.
12. Closing cash from opening, collections and payments. What is the result using 1,580, 260, 100 in that order? Round to two decimals if needed.
13. Materials purchases from usage, desired closing and opening materials. What is the result using 1,680, 272, 104 in that order? Round to two decimals if needed.
14. Unfavourable cost variance from actual and flexed costs. What is the result using 1,780, 284 in that order? Round to two decimals if needed.
15. Payroll budget from hours and hourly rate. What is the result using 1,880, 296 in that order? Round to two decimals if needed.
16. Production units from sales, desired closing and opening inventory. What is the result using 1,720, 272, 104 in that order? Round to two decimals if needed.
17. Closing cash from opening, collections and payments. What is the result using 1,820, 284, 108 in that order? Round to two decimals if needed.
18. Materials purchases from usage, desired closing and opening materials. What is the result using 1,920, 296, 112 in that order? Round to two decimals if needed.
19. Unfavourable cost variance from actual and flexed costs. What is the result using 2,020, 308 in that order? Round to two decimals if needed.
20. Payroll budget from hours and hourly rate. What is the result using 2,120, 320 in that order? Round to two decimals if needed.
21. Production units from sales, desired closing and opening inventory. What is the result using 1,960, 296, 112 in that order? Round to two decimals if needed.
22. Closing cash from opening, collections and payments. What is the result using 2,060, 308, 116 in that order? Round to two decimals if needed.
23. Materials purchases from usage, desired closing and opening materials. What is the result using 2,160, 320, 120 in that order? Round to two decimals if needed.
24. Unfavourable cost variance from actual and flexed costs. What is the result using 2,260, 332 in that order? Round to two decimals if needed.
25. Payroll budget from hours and hourly rate. What is the result using 2,360, 344 in that order? Round to two decimals if needed.
Show the answer key
  1. 1,120 Using the inputs in the order shown, 1,000+200-80 gives 1,120.
  2. 1,228 Using the inputs in the order shown, 1,100+212-84 gives 1,228.
  3. 1,336 Using the inputs in the order shown, 1,200+224-88 gives 1,336.
  4. 1,064 Using the inputs in the order shown, 1,300-236 gives 1,064.
  5. 347,200 Using the inputs in the order shown, 1,400*248 gives 347,200.
  6. 1,376 Using the inputs in the order shown, 1,240+224-88 gives 1,376.
  7. 1,484 Using the inputs in the order shown, 1,340+236-92 gives 1,484.
  8. 1,592 Using the inputs in the order shown, 1,440+248-96 gives 1,592.
  9. 1,280 Using the inputs in the order shown, 1,540-260 gives 1,280.
  10. 446,080 Using the inputs in the order shown, 1,640*272 gives 446,080.
  11. 1,632 Using the inputs in the order shown, 1,480+248-96 gives 1,632.
  12. 1,740 Using the inputs in the order shown, 1,580+260-100 gives 1,740.
  13. 1,848 Using the inputs in the order shown, 1,680+272-104 gives 1,848.
  14. 1,496 Using the inputs in the order shown, 1,780-284 gives 1,496.
  15. 556,480 Using the inputs in the order shown, 1,880*296 gives 556,480.
  16. 1,888 Using the inputs in the order shown, 1,720+272-104 gives 1,888.
  17. 1,996 Using the inputs in the order shown, 1,820+284-108 gives 1,996.
  18. 2,104 Using the inputs in the order shown, 1,920+296-112 gives 2,104.
  19. 1,712 Using the inputs in the order shown, 2,020-308 gives 1,712.
  20. 678,400 Using the inputs in the order shown, 2,120*320 gives 678,400.
  21. 2,144 Using the inputs in the order shown, 1,960+296-112 gives 2,144.
  22. 2,252 Using the inputs in the order shown, 2,060+308-116 gives 2,252.
  23. 2,360 Using the inputs in the order shown, 2,160+320-120 gives 2,360.
  24. 1,928 Using the inputs in the order shown, 2,260-332 gives 1,928.
  25. 811,840 Using the inputs in the order shown, 2,360*344 gives 811,840.