Planning & Measurement Flashcards
1
Q
Which item often provides a significant risk with off-shore operations?
A
Cultural/language issues
2
Q
The following statement is correct regarding the difference between the absorption costing and variable costing methods?
A
When production is greater than sales, absorption costing income is greater than variable costing income
3
Q
Weighted average and first in, first out (FIFO) equivalent units would be the same in a period when which of the following occurs?
A
No beginning inventory exists
4
Q
Which type of budgets is the last budget to be produced during the budgeting process?
A
Cash
