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NEW QUESTION: 1
A company produces trays of pre-prepared meals that are sold to restaurants and food retailers. Three varieties of meals are sold: economy, premium and deluxe.
Discuss the benefits of flexible budgeting for planning and control purposes.
Select all the true statements.
A. A fixed budget will provide meaningful control information when actual activity differs from budget and variable costs are significant.
B. If actual sales revenue is compared to a fixed budget it is possible to tell whether a favourable sales variance is due to an increase in units sold or an increase in sales price.
C. The fixed budget however provides more insight into actual performance.
D. If a flexible budget is prepared then the budget variances calculated will provide a better indication of performance since actual results will be compared against an appropriate benchmark.
E. Reporting against a fixed budget tells management nothing about the efficiency of operations.
F. If sales volumes were well above budget, adverse variable cost variances will probably be reported, against the fixed budget, since more variable costs have to be incurred to support the higher level of activity.
Answer: D,E,F
Explanation:
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-105-3/
NEW QUESTION: 2
An assignment remains unprocessed for 15 days and its urgency value is increased to 70. Which of the following Service Level rule is most likely configured on the assignment? (Choose One)
A)
B)
C)
D)
A. Option D
B. Option C
C. Option A
D. Option B
Answer: C
NEW QUESTION: 3
Identify the user Interface for viewing data collected over to the planning server from the transaction Instances.
A. Continuous Data Collection
B. Collection Workbench
C. Operational Data Store (ODS)
D. Planner Workbench
E. Planning Data Store (PDS)
F. Standard Data Collection
G. Oracle Applications Data Store (ADS)
Answer: B