Question
27 . When examining a master budget, where does a company find the planned expenditures for facilities and equipment? A) operating expense budget B) capital
27. When examining a master budget, where does a company find the planned expenditures for facilities and equipment?
A) operating expense budget
B) capital budget
C) operating budget
D) purchases budget
28. In a master budget, the schedule of cash disbursements for operating expenses is used to prepare the ________.
A) capital budget
B) purchases and cost of goods sold budget
C) sales budget
D) cash budget
31. When preparing a budgeted balance sheet, the balance for the inventory account is found on the ________.
A) sales budget
B) cash budget
C) operating expense budget
D) purchases and cost of goods sold budget
32. An example of a favorable variance is ________.
A) actual revenues are less than expected revenues
C) actual material prices are greater than expected material prices
D) expected labor costs are less than actual labor costs
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