CM 3 Management Accounting Game 1
Functional and Activity-Based Budgeting
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Topics of this game:
- Which of the following periods is the normal period over which a budget is being prepared?
- Which of the following will NOT be a part of the master budget of a company?
- Which of the following budgets is prepared first by a manufacturing business enterprise?
- Which is most likely the purpose of budgeting?
- Sherwin Manufacturing Corporation has the following information: closing inventory, 80 units; units produced during the period, 280 units; and units sold, 330 units. How many units were at the beginning of the production?
- Which of the following is not a functional budget?
- How many is the production budget based on the following information: sales, 89,350 units: opening inventory, 23,864 units; and closing inventory, 33,156 units?
- A business is planning to manufacture 15,000 coats for the next year. Each coat requires 1.5 direct labor hours. If the direct labor hour rate is P8.00 per hour and a pay rise is awarded halfway through the year, how much is the direct labor budget for the next year?
- Riza Manufacturing has prepared a budget for an activity level of 200,000 units: materials, P15,000; labor, P40,000; and fixed expenses, P77,000. How much would be the budget if Riza Manufacturing will increase the level of activity to 225,000 units?
- The following information were taken from the records of Isla Mabad Manufacturing Corporation: opening inventory, 120 units; closing inventory, 80 units; and units sold, 150 units. How many units were produced by Isla Mabad Manufacturing Corporation for the period?
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