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Which of the following budgets are prepared after the sales budget? A) B) C) D) Budgeted Income Direct Labor Budget Yes No Yes No Statement
Which of the following budgets are prepared after the sales budget? A) B) C) D) Budgeted Income Direct Labor Budget Yes No Yes No Statement Yes Yes No No A) Choice A B) Choice B C) Choice C D) Choice D 17) Corporation produces and sells one product. The budgeted selling price per unit is $108. Budgeted unit sales for July, August, September, and October are 7,300, 7,500, 13,900, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 50% are collected in the month of the sale and 50% in the following month. The budgeted accounts receivable balance at the end of August is closest to: A) $799,000 B) $425,000 C) SO D) $ 405,000 Which of the following statements is true? 1. To help assess how well a manager has controlled costs, actual costs should be compared to what the costs should have been for the actual level of activity. 2. Fixed costs should be ignored when evaluating how well a manager has controlled costs. A) Only statement I is true. B) Only statement II is true. c) Both statements are true. D) Neither statement is true. 
16) Which of the following budgets are prepared after the sales budget? A) Choice A B) Choice B C) Choice C D) Choice D 17) Rock On Corporation produces and sells one product. The budgeted selling price per umit is S108. Budgeted unit sales for July, A ugust, September, and October are 7,300, 7,500, 13,900, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 50% are collected in the month of the sale and 50% in the following month. The budgeted accounts receivable balance at the end of August is closest to: A) $799,000 B) 5425,000 C) 50 D) $405,000 18) Which of the following statements is true? 1. To help assess how well a manager has controlled costs, actual costs should be compared to what the costs should have been for the actual level of activity. 2. Fixed costs should be ignored when evaluating how well a manager has controlled costs. A) Only statement I is true. B) Only statement II is true. C) Both statements are true, D) Neither statement is true
Which of the following budgets are prepared after the sales budget? A) B) C) D) Budgeted Income Direct Labor Budget Yes No Yes No Statement Yes Yes No No A) Choice A B) Choice B C) Choice C D) Choice D 17)
Corporation produces and sells one product. The budgeted selling price per unit is $108. Budgeted unit sales for July, August, September, and October are 7,300, 7,500, 13,900, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 50% are collected in the month of the sale and 50% in the following month. The budgeted accounts receivable balance at the end of August is closest to:
A) $799,000 B) $425,000 C) SO D) $ 405,000
Which of the following statements is true? 1. To help assess how well a manager has controlled costs, actual costs should be compared to what the costs should have been for the actual level of activity. 2. Fixed costs should be ignored when evaluating how well a manager has controlled costs. A) Only statement I is true. B) Only statement II is true. c) Both statements are true. D) Neither statement is true.
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