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Question 1 of 10
Clearview Co. master budget (5,000 units): variable costs $125,000 ($25.00 per unit); fixed costs $60,000. Actual results (5,800 units produced): variable costs $142,100; fixed costs $61,200. What is the flexible budget variance for variable costs, and is it Favorable or Unfavorable?
Question 2 of 10
Trident Co. has the following credit sales history: April $200,000; May $240,000; June $180,000. Historical collection experience: 50% collected in month of sale; 35% in the following month; 12% two months after; 3% uncollectible. What are total budgeted cash collections in June?
Question 3 of 10
Netco’s budget for the coming year includes: Sales volume 12,000 units @ $85.00; Standard variable COGS $38.00/unit; Fixed manufacturing costs $180,000; Variable selling costs $7.00/unit; Fixed selling & admin $95,000; Income tax rate 30%. What is Netco’s budgeted net income after tax?
Question 4 of 10
Which system is specifically characterized by its “interactive” nature and its role in providing support to managers during the decision-making process?
Question 5 of 10
What is the primary purpose of “data mining” in a performance management context?
Question 6 of 10
A company uses a model to identify subgroups of customers most likely to respond to a specific advertising campaign based on age and income. This is an example of which type of analytics?
Question 7 of 10
When an analyst utilizes “Cluster Analysis,” what is the primary objective?
Question 8 of 10
A Big Data project for a resort only uses data from the ski shop’s point-of-sale system, ignoring data from the hotel, restaurant, and ticket office. Which dimension of Big Data is explicitly NOT utilized in this scenario?
Question 9 of 10
ERP systems act as a framework for integrating various business functions. What is a key internal control benefit of the “single database architecture” used in ERPs for cost management?
Question 10 of 10
Hargrove Manufacturing uses activity-based costing (ABC). The company has identified two overhead cost pools: Machine Setup ($120,000) and Quality Inspection ($80,000). Cost drivers are: Machine Setup — 600 setups total; Quality Inspection — 4,000 inspection hours total. Product Alpha requires 90 setups and 800 inspection hours to produce 2,000 units. What is the total overhead cost allocated to Product Alpha, and what is the overhead cost per unit?
