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Please answer all of possible. 8. The starting point for preparing the master budget is the a. Inventory policy b Sales budget e Production budget
Please answer all of possible.
8. The starting point for preparing the master budget is the a. Inventory policy b Sales budget e Production budget d Budgeted balance sheet . Which of the following sequences is correct? a. Sales budget-production budget-direct materials budget budgeted income statement b Budgeted income statement-direct materials budget production budget-sales budget e. Cash receipts budget-sales budget-production budget budgeted income statement d Inventory budget-production budget-sales budget-selling and administrative budget o. The formula for budgeted raw materials purchases is: tion units+ Ending raw materials a. Budgeted product inventory -Beginning raw materials inventory b Budgeted production units + Beginning raw materials inventory -Ending raw materials inventory e. Materials needed for production+Ending raw materials inventory -Beginning raw materials inventory d Materials needed for production+ Beginning raw materials inventory-Ending raw materials inventory . Budgeted direct labor hours are calculated as: a. Budgeted production units x Direct labor requirements per unit b. Actual production units x Direct labor requirements per unit e. Budgeted sales units x Direct labor requirements per unit d Actual sales units x Direct labor requirements per unit 12. A standard cost system depends on which two types of standards? a Quantity and price b Quantity and efficiency Rate and price d Rate and spending 13. A quantity standard is: a. The total dollar amount that a company expects to spend to achieve a given level of output b. A form that shows what the company should spend to e. The price that should be paid for a specific quantity of d The amount of input that should be used in each unit of make a single unit of product input product or service 8. The starting point for preparing the master budget is the a. Inventory policy b Sales budget e Production budget d Budgeted balance sheet . Which of the following sequences is correct? a. Sales budget-production budget-direct materials budget budgeted income statement b Budgeted income statement-direct materials budget production budget-sales budget e. Cash receipts budget-sales budget-production budget budgeted income statement d Inventory budget-production budget-sales budget-selling and administrative budget o. The formula for budgeted raw materials purchases is: tion units+ Ending raw materials a. Budgeted product inventory -Beginning raw materials inventory b Budgeted production units + Beginning raw materials inventory -Ending raw materials inventory e. Materials needed for production+Ending raw materials inventory -Beginning raw materials inventory d Materials needed for production+ Beginning raw materials inventory-Ending raw materials inventory . Budgeted direct labor hours are calculated as: a. Budgeted production units x Direct labor requirements per unit b. Actual production units x Direct labor requirements per unit e. Budgeted sales units x Direct labor requirements per unit d Actual sales units x Direct labor requirements per unit 12. A standard cost system depends on which two types of standards? a Quantity and price b Quantity and efficiency Rate and price d Rate and spending 13. A quantity standard is: a. The total dollar amount that a company expects to spend to achieve a given level of output b. A form that shows what the company should spend to e. The price that should be paid for a specific quantity of d The amount of input that should be used in each unit of make a single unit of product input product or service Step by Step Solution
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