Following are parts of the operating budget except a

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13.Following are parts of the operating budget, except:A. Sales budgetB. Materials cost budgetC. Capital budgetD. Production budget
14. The starting point in preparing a comprehensive budget is
15. Which of the following cannot be used to improve the estimates of sales volume for a masterbudget?
B. Statistical analysis including regression analysis and economic studiesC. Estimation from previous sales volume and market historyD. None of the above16. In the budgeting process, top management should
17. A strategic budgetA. Is a short-range management toolB. Describes the long-term position, goals, and objectives of an organization within its environmentC. Involves evaluating specific long-term investment decisionsD. Is a short-range consideration related to liquidity
18. When developing a budget, an external factor to consider
19. A budget can be many tools in one. It can be used for planning communications, motivation andcontrol. For the budgetary process to serve effectively as a control tool
C. Forecasting procedures must be developedD. The budgeting and accounting system must be integrated or synchronized with the organizationalstructure20. In developing an annual master budget, individual budget schedules are prepared. The budgetschedule that would provide the necessary input data for the direct labor budget would be the

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Term
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