QR Uses an Activity Based Budgeting (ABB) System to Budget

question 12

Multiple Choice

QR uses an activity based budgeting (ABB) system to budget product costs. It manufactures two products, product Q and product R. The budget details for these two products for the forthcoming period are as follows: 11ec37eb_8ba8_cbc1_97b9_9be13a65b02c__00 The total budgeted cost of setting up the machines is $74,400. Select TWO potential benefits of using an activity based budgeting system.

• A) Activity based budgeting allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
• B) Activity based budgeting provides a clear framework for understanding the link between turnover and the level of activity.
• C) Activity based budgeting is useful for the review of quality systems utilization.
• D) Activity based budgeting allows the identification of value added and non-value added activity and ensures that any budget cuts are made to non-value added activities.

Recognize the difference between receptive and expressive vocabularies and their developmental trajectories.

Understand the role of genetics and environment in language acquisition and cognitive development.

Identify the signs of normal versus delayed speech and language development in infants and toddlers.

Understand the impact of taxation on market equilibrium, consumer and producer surplus.

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Definitions:

Price Increases

Price Increases involve a rise in the cost of goods or services over time, often measured by inflation rates.

Demand Decreases

A situation where the quantity of goods and services that consumers are willing and able to purchase at a given price level declines.

Maximum Rent

Government-imposed limits on the amount a landlord can charge for leasing a property, typically to make housing more affordable.

Government

The governing body of a nation, state, or community, usually responsible for policymaking, administration, and regulation.