Selling and administrative price budget, cash budget, budgeted revenue statement, budgeted balance sheet
A continuous (or perpetual) budget: A. Is ready for a selection of task so that the spending plan can be changed for changes in activity. B. Is a plan that is updated monthly or quarterly, dropping one period and including another. C. Is a strategic setup that does no change. D. Is supplied in service providers that experience no adjust in sales.
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Which of the following statements is not correct? A. The sales budget is the starting point in preparing the grasp budget. B. The sales spending plan is constructed by multiply the supposed sales in devices by the sales price. C. The sales budget plan generally is attach by a computation of intended cash receipts because that the forthcoming budget period. D. The cash budget must it is in prepared prior to the sales budget since managers want to know the intended cash collections on sales made to client in prior periods prior to projecting sales because that the existing period.
The cash budget plan must be prepared prior to the sales budget because managers desire to understand the expected cash collections on sales make to client in prior periods prior to projecting sales because that the present period.
Budgeted production requirements are established by: A. Adding budgeted sales in devices to the preferred ending list in units and deducting the beginning inventory in units from this total. B. Adding budgeted sales in units to the start inventory in units and deducting the desired ending list in units from this total. C. Including budgeted sales in devices to the preferred ending perform in units. D. Deducting the start inventory in systems from budgeted sales in units.
adding budgeted sales in systems to the preferred ending inventory in units and also deducting the start inventory in devices from this total.
A labor effectiveness variance result from the use of poor quality products should be charged to: A. The production manager. B. The to buy agent. C. Manufacturing overhead. D. The industrial engineering department.
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An unfavorable direct labor effectiveness variance might be resulted in by: A. An adverse materials quantity variance. B. An adverse variable overhead price variance. C. A favorable products quantity variance. D. A favorable change overhead rate variance.
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