Consider the following budgets: (1) Direct materials (2) Incomestatement (3) Production (4) Cost of goods sold In what ordershould these budgets be prepared? A. 2, 3, 1, 4 B. 3, 1, 4, 2 C. 1,3, 4, 2 D. 3, 4, 1, 2
Consider the following budgets: (1) Direct materials (2) Incomestatement (3) Production (4) Cost of goods sold In what ordershould these budgets be prepared? A. 2, 3, 1, 4 B. 3, 1, 4, 2 C. 1,3, 4, 2 D. 3, 4, 1, 2
Related questions
Which of the following budgets is prepared before thepreparation of the production budget?
a. | Sales budget |
b. | Cash budget |
c. | Direct labor budget |
d. | Capital expenditure budget |
2. Which of the following budgets must managers preparebefore they can prepare a direct materials purchases budget?
a. | Labor budget |
b. | Overhead budget |
c. | Production budget |
d. | Cost of goods manufactured budget |
3. Purchases of buildings and equipment are formallyplanned in the
a. | depreciation budget. |
b. | budgeted balance sheet. |
c. | selling and administrative expense budget. |
d. | capital expenditures budget. |
