Question
4 Financial and managerial accouting questions for my review sheet! i rate well. Question 56 Select the correct statement. A. Four purposes often claimed for
4 Financial and managerial accouting questions for my review sheet! i rate well.
Question 56
Select the correct statement.
A. Four purposes often claimed for budgeting involve planning, coordination, performance measurement, and reporting. | ||||||||||||||||||||||||||||||||||||||
B. In a participative budgeting system, budget information flows in one direction only, from bottom to top. | ||||||||||||||||||||||||||||||||||||||
C. The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements. | ||||||||||||||||||||||||||||||||||||||
D. The accounting department normally coordinates the development of the sales forecast. Question 57 Which of the following costs generally can be traced directly to units of product?
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