Which of the following statements is true?
A) The direct materials purchases budget is determined from the direct labor budget.
B) The sales budget is the only budget based on an estimate of customer demand.
C) The capital expenditures budget are prepared from the production budget.
D) The selling and administrative expense budget is input into the forecasted cost of goods sold.
B
You might also like to view...
The management accountant must be knowledgeable about all relevant laws, regulations, and technical standards that pertain to his or her duties
Indicate whether the statement is true or false
When you write an unsolicited cover letter, ________
A) gaining attention is relatively easy B) you are replying to a posting that requests applications C) your audience is actively looking for someone to fill the job D) do not end the letter by requesting an interview E) you need to persuade your audience to read your letter rather than discard it
In calculating product costs, actual direct materials and actual direct labor are charged to the Work in Process account; however, an estimated amount of overhead is charged to the account. Why is overhead accounted for differently than the other costs of production?
What will be an ideal response?
Copied below is a portion of the answer report that shows the constraints related to the faculty assignment. Which of these statements is best according to the answer report?
Cell Name Cell Value Formula Status Slack $S$15 Saba_assigned 3 $S$15<=$Q$15 Binding 0 $S$15 Saba_assigned 3 $S$15>=$T$15 Not Binding 1 $S$16 Geoff_assigned 3 $S$16<=$Q$16 Binding 0 $S$16 Geoff_assigned 3 $S$16>=$T$16 Not Binding 1 $S$17 Tim_assigned 2 $S$17<=$Q$17 Not Binding 1 $S$17 Tim_assigned 2 $S$17>=$T$17 Binding 0 $S$18 David_assigned 3 $S$18<=$Q$18 Binding 0 A) Geoff is assigned to teach Introduction to Operations. B) Tim is assigned to teach two courses. C) David is assigned to teach Management Science. D) Saba is assigned to teach two courses.