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Question 11 Not yet answered Marked out of 0.7 Flag question Which of the following statements is false? Select one: Oa. The number of
Question 11 Not yet answered Marked out of 0.7 Flag question Which of the following statements is false? Select one: Oa. The number of units to be produced in a period can be determined by adding the expected sales (in units) to the desired ending inventory (in units) and then deducting the beginning inventory (in units). b. The amount of raw materials to be purchased in a period can be determined by adding the desired ending inventory for raw materials to the production needs and then deducting the beginning inventory for raw materials. Oc. In the merchandise purchases budget, the required purchases (in units) for a period is equal to the budgeted sales (in units) minus the beginning merchandise inventory (in units) plus the desired ending merchandise inventory (in units). Od. A self-imposed budget is a budgeting process wherein top management prepares the budget and imposes it to lower-level managers for implementation Question 12 Not yet answered Marked out of 07 Flag Question Which of the following represents a proper sequencing (correct order) in which the budgets below are prepared? Select one: a. None of the given answers b. Production, Sales, Income Statement Oc. Sales, Balance Sheet, Direct Labor Od. Direct Material Purchases, Cash, Sales e. Sales, Production, Manufacturing Overhead
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