Work in process inventory is in theSelect one:O a. Cost of goods sold budgetb. Direct labor budgetO . Manufacturing overhead budgetO d. None of the aboveWhich of the following is not a part of the direct materials purchases budget?Select one:O a. Standardso b. Ending inventoryO C. Beginning inventoryd. None of the aboveCollections of cash from which of the following accounts is used to develop the budgeted balance sheet?Select one:O a. Accounts Payableo b. Accounts RecelvableO c InventoryO d. None of the above

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12MC: The units required in production each period are computed by which of the following methods? adding...

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Similar questions

Select the one budget below that is not an operating budget. a. Cost of goods sold budget b. Cash budget c. Production budget d. Overhead budget e. All of these.
The budget that adjusts unit sales for beginning and ending inventories of finished goods is the: a. production budget b. purchases budget c. ending inventory of finished goods budget d. cost of goods sold budget
The units required in production each period are computed by which of the following methods? adding budgeted sales to the desired ending inventory and subtracting beginning inventory adding beginning inventory, budgeted sales, and desired ending inventory adding beginning inventory to budgeted sales and subtracting desired ending inventory adding budgeted sales to the beginning inventory and subtracting the desired ending inventory.
The direct materials budget is prepared using which budgets information? A. cash payments budget B. cash receipts budget C. production budget D. raw materials budget
Which of the following is not an operating budget? A. sales budget B. production budget C. direct labor budget D. cash budget
Which budget does not directly impact the cash budget? a. Sales Budget b. Manufacturing Overhead Budget c. Direct Labor Budget d. Ending Inventory Budget e. Direct Materials Budget f. Selling and Administrative Expense Budget Next
Which of the following budgets is not part of the cost of goods sold budget? a.Factory overhead budget b.Direct materials purchases budget c.Cash budget d.Direct labor cost budget
The balance in Materials Inventory on the Budgeted Balance Sheet is equal to: Select one: A. Materials Purchased during the period B. Materials Used during the period C. Budgeted Beginning Materials Inventory D. A minus B E. None of the above
Q.Prepare the budgeted unit cost of ending finished-goods inventory and ending inventories budget.
Which of the following appears on the budgeted balance sheet? * A. estimated sales B. estimated cost of goods sold C. estimated fixed selling expense D. estimated ending accounts receivable
Give the period cost budgets - select all that apply Oa. Direct Labour Budget O b. Selling and Administrative Budget Oc. Overhead Budget Od. Direct Materials Budget e. None of the above
Which one of the following is the equations is used in the production budget? Select one: a. Current period sale (in units) + Beginning inventory (in units) + Ending Inventory (Units) b. Current period sale (in units) + Beginning inventory (in units) - Ending Inventory (Units) c. Current period sale (in units) - Beginning inventory (in units) - Ending Inventory (Units) d. Current period sale (in units) - Beginning inventory (in units) + Ending Inventory (Units)

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