question archive 1)Which of the following represents a proper sequencing (correct order) in which ?the budgets below are prepared a
1)Which of the following represents a proper sequencing (correct order) in which ?the budgets below are prepared a
Subject:AccountingPrice: Bought3
1)Which of the following represents a proper sequencing (correct order) in which ?the budgets below are prepared a. None of the given answers b. Sales, Balance Sheet, Direct Labor c. Direct Material Purchases, Cash, Sales d. Production, Sales, Income Statement e. Sales, Production, Manufacturing Overhead 2) Which of the following statements is false a. A self imposed budget is a budgeting process wherein person with responsibility for cost control prepares his or her own budget estimates and submits them to the next higher level of management b. The amount of raw materials to be purchased in a period can determined by adding the desired beginning inventory for raw materials c.In the merchandise purchases budget, the required purchases (in units) for a period is equal to the budgeted sales (in units) minus the beginning merchandise inventory (in units) plus the desired ending merchandise inventory (in units) d. The number of units to be produced in a period can be determined by adding the expected sales (in units) to the desired ending inventory (in units) and then deducting the beginning inventory (in units)
