Group Quiz Module 9 PDF

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Group Quiz Module 9...

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Module 9 Quiz Group ________ Name _______________ Name _______________ Name ___________ What budget is the first budget to create in a master budget? a. Production (Supply) b. Sales (Demand) c. Overhead d. Capital (Long Term) What budget is NOT one of the three supporting budgets to the production budget? a. Direct Labor b. Overhead c. WIP d. Direct Materials What is the last budget to be prepared? a. Cash Budget b. Income Statement c. Capital Budget d. Balance Sheet Which account below is considered a non-cash event? a. Referred Revenue b. Prepaid Rent c. Depreciation d. Capital Purchases How many units should be budgeted for production? Sale 100 units current month Sale 200 units following month Beginning inventory 10 units Desired ending inventory 20% of following month a. 130 units b. 100 units c. 40 units d. 140 units...