Budgeting, cost centers and responsibility.1. Which one of the following factors would cause budgeted revenue to be less than the expected demand?Excess capacity existsAbundant resources are availableExcess supply of labor existsDemand exceeds capacity2. If a firm is using activity-based budgeting, the firm would use this in place of which of the following budgets?Manufacturing overhead budgetDirect labor budgetDirect materials budgetRevenue budget3. 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.
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