On the statement of cost of goods manufactured, which of the following items would not be reported?

• direct labor costs.

• ending work in process inventory.

• raw materials used.

• gross profit.

The budgeting process that most likely creates an attitude supportive of achieving organization goals is:

• zero-based approach.

• top-down approach.

• proportionate increase approach.

• participative approach.

Advertising expense would appear in which of the following budgets?

• Sales budget.

• Manufacturing overhead budget.

• Purchases budget.

• Operating expense budget.