another multiple problem

# another multiple problem - The formula for computing the...

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The formula for computing the direct labor budget is to multiply the direct labor cost per hour by the: (a) total required direct labor hours. (b) physical units to be produced. (c) equivalent units to be produced. (d) No correct answer is given. Answer: (a) total required direct labor hours. Each of the following budgets is used in preparing the budgeted income statement except the: (a) sales budget. (b) selling and administrative budget. (c) capital expenditure budget. (d) direct labor budget. Answer: (c) capital expenditure budget The budgeted income statement is: (a) the end-product of the operating budgets. (b) the end-product of the financial budgets. (c) the starting point of the master budget. (d) dependent on cash receipts and cash disbursements. Answer: (a) the end-product of the operating budgets. The budgeted balance sheet is: (a) developed from the budgeted balance sheet for the preceding year and the budgets for the current year. (b)

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## This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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another multiple problem - The formula for computing the...

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