Q-1. Answer the following multiple choices.

A) B)

C)

D)

E)

F)

Note: NOTE: I NEED ACCURATE ANSWERS just mention the options and their names as these are multiple choices.

In preparing the direct materials budget, the total cost of direct material to be purchased is calculated as follow: a. Production in units plus desired ending inventory-Raw material less expected beginning raw material b. Raw material to be purchased in units X expected total purchase price c. Raw material to be purchased in units X expected purchase price per unit d. Production needs in units plus desired ending inventory-Raw material less expected beginning inventory raw m The direct materials budget details: 1. the quantity and the cost of direct materials to be purchased. 2. the cost of direct labor. a. 1 b. Both 1 and 2 c. 2 d. Neither 1 nor 2 The total direct labor hours required in preparing a direct labor budget are calculated using: a. Direct materials budget. b. Sales budget c. Production budget. d. Sales forecast. In a production budget, the total units to be produced are the budgeted sales units plus a. Desired ending finished goods units. b. Desired ending Raw materials units minus beginning Raw material units. c. Beginning finished goods units. d. Desired ending finished goods units minus beginning finished goods units. Which one of the following budgets would be prepared for a manufacturer but not for a merchandiser? a. Direct labor budget b. Cash budget c. Sales budget d. Budgeted income statement When preparing a master budget, the first budget that should be prepared is: a. Production budget. b. Sales budget. c. Direct Labor budget d. Direct material budget In preparing the direct materials budget, the total cost of direct material to be purchased is calculated as follow: a. Production in units plus desired ending inventory-Raw material less expected beginning raw material b. Raw material to be purchased in units X expected total purchase price c. Raw material to be purchased in units X expected purchase price per unit d. Production needs in units plus desired ending inventory-Raw material less expected beginning inventory raw m The direct materials budget details: 1. the quantity and the cost of direct materials to be purchased. 2. the cost of direct labor. a. 1 b. Both 1 and 2 c. 2 d. Neither 1 nor 2 The total direct labor hours required in preparing a direct labor budget are calculated using: a. Direct materials budget. b. Sales budget c. Production budget. d. Sales forecast. In a production budget, the total units to be produced are the budgeted sales units plus a. Desired ending finished goods units. b. Desired ending Raw materials units minus beginning Raw material units. c. Beginning finished goods units. d. Desired ending finished goods units minus beginning finished goods units. Which one of the following budgets would be prepared for a manufacturer but not for a merchandiser? a. Direct labor budget b. Cash budget c. Sales budget d. Budgeted income statement When preparing a master budget, the first budget that should be prepared is: a. Production budget. b. Sales budget. c. Direct Labor budget d. Direct material budget