Which of the following is not a possible purpose of an operating budget within an...

60.1K

Verified Solution

Question

Accounting

image

Which of the following is not a possible purpose of an operating budget within an organization? a. Assist in planning and setting objectives b. Create better communication in the organization c. Motivate employees d. Provide a vehicle for performance measurement e. All of the above are purposes In creating a master operating budget, which budget must be prepared prior to preparing the direct materials purchase budget? a. Production budget b. Manufacturing overhead budget c. Cash budget d. Both a & b e. All of the above Doll sells the product at $20 apiece. 10% of those sales are cash. The remaining credit sales are collected at 40% in the month of sale, 55% in the month following, and the last 5% of credit sales are uncollectible. What is the budgeted total cash collections for April? a. $119,700 b. $66,240 c. $131,400 d. $117,000 e. $72,000 February 6800 units March 5400 units 7200 units 4600 units April May

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students