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Recent questions tagged accounting
The fraud triangle shows three factors that push a person to commit fraud and includes ___, pressure, and rationalization.
asked
May 16, 2023
in
Business
by
elferrr
accounting
The main purpose of managerial accounting is
asked
May 16, 2023
in
Business
by
elferrr
accounting
A budget that shows the expected results of a responsibility center for only one activity level is known as _____ budget. static zero-based flexible single activity
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
The first step in preparing a flexible budget is to _____. identify the fixed and variable cost components prepare the budget for each activity level identify the relevant activity levels None of these are correct.
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
The responsibility of developing an annual budget is normally assigned to _____. the CEO a budget committee board of directors stockholders
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
The budgeted units to be produced are determined by which of the following formulas? Expected Units to Be Sold – Desired Units in Ending Inventory + Estimated Units in Beginning Inventory Expected Units to Be Sold – Desired Units in Ending Inventory – Estimated Units in Beginning Inventory Expected Units to Be Sold + Desired Units in Ending Inventory + Estimated Units in Beginning Inventory Expected Units to Be Sold + Desired Units in Ending Inventory – Estimated Units in Beginning Inventory
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
Pisa Trophy Co. budgeted production of 50,000 brass trophies for the coming year. Each trophy requires engraving. Assume that 15 minutes are required to engrave each trophy. If engraving labor costs $15.00 per hour, determine the direct labor cost budget for the year. $750,000 $12,500 $187,500 None of these choices are correct.
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
The __________ is often used as the starting point for the selling and administrative expenses budget. sales budget factory overhead cost budget payroll register cost of goods sold budget
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
All of the following are integrated into the cost of goods sold budget except the __________ budget. direct labor cost direct materials purchases factory overhead cost selling and administrative expenses
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
A budget that estimates the expected receipts (inflows) and payments (outflows) of cash for a period of time is called a __________ budget. sales capital expenditures cash None of these are correct.
asked
Apr 30, 2023
in
Business
by
SpriteMaster
accounting
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