QuizCh8.pdf - Managerial Accounting Quiz Chapter Thelsua-l...

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Managerial Accounting Quiz Chapter 8 1. Thelsua-l starting point in budgeting is to make a forecast of net income. t-"CTJil .\ ,.., \-___,/ \{*.r-S\ \ > 2. A budget committee helps provide consistency in the budgeting process because it prepares all of the budgets for thetarious segments of the organization. /--=\ rrue Qg) 3. Cash collections in a schedule of cash collections typically consist of collections on sales made to customers jAprior periods plus collections on sales made in the current budget period. r True\ False 4. Which of the following budgets are prepared before the sales budget? Budgeted Income Statement Direct Labor Budget _A. B, C. @ 6. Which of the following benefits could an organization reasonably expect from an effective budget program? A. Better control of the orgarization's costs. B. Better coordination of an organization's activities. Q. Better communication of the organization's objectives. A.
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QuizCh8.pdf - Managerial Accounting Quiz Chapter Thelsua-l...

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