Question 19

0.6pts

Which of the following is false regarding budgeting?

Group of answer choices

Comparing actual results with budgeted results will help

managers evaluate the performance of individuals

The essential features of the budgeting process are planning and

control

Budgeting requires managers from different functional areas to

communicate and coordinate their activities

Availability of idle cash for investment is shown in the capital

expenditures budget

Question 22

1.2pts

Mark Company's sole product uses a standard material which cost

Php5,000 based on 4,000 units. During January, Mark Company purchased and used

88,000 units of materials at a cost of Php1.00 per unit.

Determine the materials price variance.

Group of answer choices

Php 8,000 UF

Php 22,000 F

Php 8,000 F

Php 22,000 UF

Question 25

1.2pts

Bert Company has a sales budget for next month of Php150,000.

Cost of goods sold is expected to be 40 percent of sales. All goods are

purchased in the month used and paid for in the month following purchase. The

beginning inventory of merchandise is Php5,000, and an ending inventory of

Php6,000 is desired. Beginning accounts payable is Php38,000.

The cost of goods sold for next month is expected to be

Group of answer choices

Php 90,000

Php 60,000

Php 89,000

Php 40,000