What the principal budget factor is the

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Problem 1: The principal budget factor is the

Option 1: Factor which limits the activities of the organization and is often the starting point in budget preparation.

Option 2: Budgeted revenue expected in a forthcoming period.

Option 3: Main budget into which all subsidiary budgets are consolidated.

Option 4: Overestimation of revenue budgets and underestimation of cost budgets, which operates as a safety factor against risk.

Problem 2: Which of the following would NOT be included in a cash budget?

Depreciation

Provisions for doubtful debts

Wages and salaries

Option 1: (i) and (ii) only

Option 2: (ii) and (iii) only

Option 3: (iii) only

Option 4: (i) only

Problem 3: Overtime premium is

Option 1: The additional amount paid for hours worked in excess of the basic working week.

Option 2: The additional amount paid over and above the normal hourly rate for hours worked in excess of the basic working week.

Option 3: The additional amount paid over and above the overtime rate for hours worked in excess of the basic working week.

Option 4: The overtime rate.

 

Reference no: EM132933509

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