Free Saylor BUS105 Exam Questions

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Total 50 Questions | Updated On: Dec 18, 2025

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Question 1

Wycliff Corporation practices activity-based management at their manufacturing facility. Which of the following events would most likely be the result of a decision made using activity-based management theory?

A : Direct labor costs were assigned to work-in-process accounts

B : Customer service representatives responded to vendor complaints

C : Plant managers assisted in calculating a plant-wide overhead rate

D : The packaging department was moved closer to the shipping department

Answer: D

Question 2

Which row correctly identifies the calculation to establish standard costs for direct materials, direct labor, and factory overhead?

A : Row 1

B : Row 2

C : Row 3

D : Row 4

Answer: D

Question 3

Which of the following statements is a true statement about flexible budgets?

A : The actual number of units sold is irrelevant to a flexible budget

B : Cost variance analysis is an integral part of preparing a flexible budget

C : Selling and administrative expenses are reported in the flexible budget

D : The flexible budget is prepared before the master budget to assist with planning

Answer: C

Question 4

Which of the following statements is a true statement about flexible budgets?

A : The actual number of units sold is irrelevant to a flexible budget

B : Cost variance analysis is an integral part of preparing a flexible budget

C : Selling and administrative expenses are reported in the flexible budget

D : The flexible budget is prepared before the master budget to assist with planning

Answer: C

Question 5

Which of the following statements is a true statement about flexible budgets?

A : The actual number of units sold is irrelevant to a flexible budget

B : Cost variance analysis is an integral part of preparing a flexible budget

C : Selling and administrative expenses are reported in the flexible budget

D : The flexible budget is prepared before the master budget to assist with planning

Answer: C

Page: 1 / 10

Total 50 Questions | Updated On: Dec 18, 2025

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