A cash budget would include: Multiple Choice gain on sale of equipment sale of common stock. building depreciation accounts receivable. * My Institution - 9-29-2016-Blac X Chapter 14 Quiz * Q Study 83 Terms Accounting Test x + onnect.mheducation.com/flow/connect.html Quiz 0 Saved Help Save & Exit Sul XYZ Company has budgeted production of Item 1123 for April, May, and June of 2.400,3,200 and 2,800 units, respectively. XYZ Company currently pays a standard rate of $3 per foot for raw material A and $5 per sheet for raw material B. Each unit produced requires 4 feet of raw material A and 2 sheets of raw material B. Each unit produced also requires 30 minutes of cutting direct labor time at a standard rate of $16 per hour and 2 hours of assembly direct labor time at a standard rate of $20 per hour. Manufacturing overhead is applied at the standard rate of $10 per direct labor hour. The total standard cost of May's budgeted production of Item #123 is: Multiple Choice O $198.400 O S208,800 0 5304.000 search Which of the following is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast? Multiple Choice O Sales budget O Raw materials budget. C) Production budget O Direct labor budget. When a cost is incurred as a result of a long-range policy decision, the cost is known as a: Multiple Choice o noncontrollable cost. o committed cost. o zero-based cost. o standard cost. Standards are considered to be most useful when they are expressed in: Multiple Choice dollars per unit of input to the manufacturing process. quantities per unit of output from the process being evaluated. unit and total costs for the accounting period for the department being evaluated. terms most easily related to by the individual whose performance is being evaluated. The raw materials budgeted to be purchased for the period is equal to: Multiple Choice . ending inventory + raw material used - beginning inventory. ending inventory + ending inventory - raw material used. beginning inventory - ending inventory + raw material used. beginning inventory - raw material used ending inventory. The final budget prepared in order to complete development of the operating budget is: Multiple Choice o the revised sales forecast for next quarter. o the budgeted cash flow statement o the budgeted income statement o the budgeted balance sheet