Chapter_9_Review_MC

Chapter_9_Review_MC - Murphy Company uses an accounting...

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A) responsibility accounting. B) operational budgeting. C) contribution accounting. D) absorption accounting. 2 The budget or schedule that provides the required data for the preparation of the direct materials budget is the: A) schedule of cash collections. B) raw materials purchases budget. C) production budget. D) cash budget. 3 Maxine Company plans to sell 48,000 units during the month. If the company has 10,000 units on hand at the start of the month, and plans to have 8,000 units on hand at the end of the month, how many units must be produced during the month? A) 46,000. B) 48,000. C) 50,000. D) 56,000. 4 Jordan Company produces and sells basketballs. To guard against out of stock situations, the company requires that 20% of the next month's sales be on hand at the end of each month. Budgeted sales of basketballs over the next three months are: October November December Budgeted sales in units 80,000 120,000 100,000 Budgeted production for November would be:
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This document was uploaded on 05/04/2009.

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Chapter_9_Review_MC - Murphy Company uses an accounting...

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