Which of the following is not a component of the operating budget?
A. Selling and administrative budget
B. Sales budget
C. Direct materials purchases budget
D. Budgeted balance sheet
Answer: D
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Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,000, and the materials used to complete jobs during the month were $141,000 of direct materials and $13,000 of indirect materials. What amount will Andrew debit to Work in Process Inventory for the month of March?
A. $141,000 B. $165,000 C. $33,000 D. $13,000 E. $154,000
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The Biltmore Hotel manager is getting ready to make a presentation that she hopes will justify adding additional staff. As part of the presentation, she has constructed charts and graphs. The general type of statistical analysis she is using is:
A) hypothesis testing. B) estimation. C) inferential statistics. D) descriptive statistics.