A budget that allocates resources on the basis of a single estimate of costs is called a(n) ______ budget.
A. unitary
B. zero-based
C. cash
D. fixed
E. incremental
D. fixed
Also known as a static budget, a fixed budget allocates resources on the basis of a single estimate of costs.
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Adam Inc uses a perpetual inventory system. Jan. 1 On hand, 10 units at $2 each $ 20 4 Sold 8 units for $10 each 80 22 Purchased 50 units at $4 each 200 26 Sold 48 units for $10 each 480 If Adam uses the FIFO method, how much is cost of goods sold for the month of January?
a. $204 b. $208 c. $212 d. $560
In a short essay discuss the different types of extraneous variables and their effects on experiments in marketing research
What will be an ideal response?
The work sheet is prepared after the formal adjusting and closing entries
Indicate whether the statement is true or false
Activity-based costing is a method of cost allocation that is useful for assigning ____ costs to products or services
A) direct materials B) direct labor C) overhead D) direct materials and direct labor