ACC 561 Final Exam 4 with Answers (COMPREHENSIVE)

1. ......... models are mathematical models of the master budget that can react to any set of assumption about sales, costs, and product mix. 2. A sales forecast is .......... 3. A ...........gives the expected sales under a given set of conditions. 4. A ..........gives the expected sales under a given set of conditions. 5. .........need cost accounting systems. 6. ...........probably would not be used as a measure of activity in a flexible budget. 7. ...........are components of a master budget. 8. The master budget quantifies targets for all of the following except..... 9. Costs are allocated for all the following purposes except to 10. The following information is available for the Peter Company: Sales $150,000 Invested Capital 156,250 ROI 10% The return on sales is . DOWNLOAD FOR MORE SOLUTIONS