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Not sure if i am correct

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Not sure if i am correct

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 20, 2016 at 7:58 pm #311966
    kiranshahzadi
    Member
    • Topics: 12
    • Replies: 6
    • ☆

    1)Which of the following is a reason for a company to use flexible budgeting?
    A)Most of the comapny’s costs are fixed.
    B)Budgeted and actual output levels are invariably the same.
    C)It is not possible to distinguish between fixed and variable costs.
    D)There will be differing sales volumes due to uncertainity in the environment.
    Answer-B

    2)Which of the followng describes the method of payment for labour known as “piecework”?
    A)A fixed amount is paid per unit of time spent,based on output achieved.
    B)Afixed amount is paid per unit of output achieved,based on time spent.
    C)A fixed amount is paid per unit of outpu achieved,irrespective of time spent.
    D)Afixed amount is paid per unit of time spent, irrespective of output achieved.
    Answer-C

    3)What is the main role of the budget committee?
    A)Reporting actual results in comparision to the budget.
    B)Preparation of the functional.
    C)Calculation of the flexibe budget.
    D)Coordination and administration of the budget process.
    Answer-D

    I just to know am I correct.
    THANK YOU SO MUCH SIR IN ADVANCE 🙂

    April 21, 2016 at 7:41 am #312020
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51563
    • ☆☆☆☆☆

    Are there not answers in the same book in which you found the questions?

    Question 1: the answer is D

    Question 2: the answer is C

    Question 3: the answer is D

    April 21, 2016 at 4:16 pm #312104
    kiranshahzadi
    Member
    • Topics: 12
    • Replies: 6
    • ☆

    I found this questions from practice tests through myacca they dont provide answers.
    btw thank you sir John Moffat 🙂

    April 22, 2016 at 11:15 am #312182
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51563
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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