252) At the beginning of the period the Assembly Department budgeted direct lab

    252) At the beginning of the period the Assembly Department budgeted direct labor of $110000 direct material of $170000 and fixed factory overhead of $28000
    for 8000 hours of production. The department actually completed 10000 hours of production. What is the appropriate total budget for the department assuming it
    uses flexible budgeting.
    a. $378000
    b. $350000
    c. $288000
    d. $305000 253) A disadvantage of static budgets is that they:
    a. do not show possible changes in underlying activity levels
    b. show the expected results of a responsibility center for several levels of activity
    c. start with a clean slate
    d. cannot be used by service companies 255)The process of developing budget estimates by requiring all levels of management to estimate sales production and other operating data as though operations
    were being initiated for the first time is referred to as:
    a. continuous budgeting
    b. flexible budgeting
    c. zero-based budgeting
    d. master budgeting 256) A variant of fiscal-year budgeting whereby a twelve-month projection into the future is maintained at all times is termed:
    a. zero-based budgeting
    b. master budgeting
    c. flexible budgeting
    d. continuous budgeting

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