1) On the manufacturing budobtain, the variety of systems to be created is computed as A) unit sales + preferred finish inventory + start inventory. B) unit sales + wanted end inventory - beginning inventory.C) unit sales - wanted finish inventory - beginning inventory. D) unit sales - wanted end inventory + start inventory.
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3) Regarding the budgeting procedure, which of the following statements is true?A) Top corpoprice monitoring should constantly architecture the budobtain.B) The company"s external auditors have to constantly give the budgain.C) The budobtain have to be designed from the bottom up, with input from managers at all levels.D) All of the provided statements are true statements about the budgeting process.
Which of the following statements around budgeting is not true?A) Budgeting is an help to planning and also manage.B) The operating budget have to be ready by optimal management, fairly than mid-administration personnel, bereason they have the all at once goals of the agency in mind.C) Budgets help to coordinate the activities of the entire company.D) Budgets promote interaction and also coordicountry in between departments in an organization
B) The operating budgain should be prepared by height management, fairly than mid-management personnel, because they have actually the overall missions of the agency in mind.
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Which of the complying with is considered to be a rigorous yet attainable standard?a. all material standardsb. normal standardsc. appropriate standardsd. balances standards
Which statement is true as it relates to traditional cost?a. it is the actual expense of a unit of productb. It represents the selling price of a product to create the a lot of profitc. it is a total budgeted amount in the accounting recordsd. it is regularly journalized in the accountancy system
From what does the overhead volume variance result?a. variable overhead costsb. addressed overhead costsc. both variable and addressed overhead costsd. all manufactoring costs
Which of the following is not true of the budgeting process?a. budgeting provides feedago to mgt. to help in assessing how well its getting to its purposes.b. budgets force supervisors to setup for the futurec. budgets force managers to think about connections among operations throughout the whole worth chain.d. the performance report is ready as part of the grasp budobtain.
Which of the following is part of the financial budget?a. budgeted balance sheetb. operating expensesc. sales budgetd. budgeted earnings statement
Which of the following budgets is the in-depth planning document for the entire organization?a. sales budgetb. resources expenditure budgand so on grasp budgetd. budgeted earnings statement