Which of the following best describes the direct materials purchase budget? Question 12 options: It is the beginning point in the budget process It must provide for the desired ending inventory as well as for production It is a accomplished by a schedule of cash collection It is completed after the cash budget
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Which of the following best describes the direct materials purchase budget?
Question 12 options:
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It is the beginning point in the budget process |
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It must provide for the desired ending inventory as well as for production |
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It is a accomplished by a schedule of cash collection |
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It is completed after the |
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