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Exam (elaborations)
KU ACCT 201 Exam 4 Questions with Solved Solutions.
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---2August 20252025/2026A+
- Unit Activity - Answer Activity performed for each individual unit 
Ex. drilling holes to attach wings/tails to airplane 
 
Batch Activity - Answer Activity performed once for a group of products regardless of the number of units in the batch. 
Ex. Crane Setup 
 
Product Activity - Answer Activity performed for entire product line regardless of the number of units or batches. 
Ex. Product Design 
 
Customer Activity - Answer Activity performed for specific customers. 
Ex. Creating p...
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Exam (elaborations)
KU ACCT 201 EXAM 3 Questions And Correct Answers 2025.
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--2August 20252025/2026A+Available in bundle
- What is a budget? - Answer an operating plan that is expressed primarily in financial terms 
 
What is top down budgeting? - Answer starts with the executive management team and a strategic plan and tell operational managers what the budget is 
 
What is bottom-up budgeting? - Answer Budget preparation that begins with the lowest level of management and is adjusted at each level to align with the strategic plan 
 
What is top down budgeting also known as? - Answer imposed budgeting 
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