Question 19 0.6pts Which of the following is false regarding budgeting? Group of answer choices Comparing actual
Question:
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
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb