Question

Which of the following statements is correct? The direct materials usap budget and the capital expenditures budget we both determined from the production budget (h) The peneral and administrative operating expenses budget is used as input for the bacted statement of cost of goods manufactured c) The direct materials purchases budget is determined from the direct materials usage budget (d) The budgeted income statement is the first budget prepared in preparing the master budget. 23. When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing (a) Continuous Budgeting, (b) Goal conflict. (c) Budgetary slack id) Padding the budget. For February, sales revenue is $700,000, sales commissions are 5% of sales the sales manager's salary is 596.000, advertising expenses are S80.000: shipping expenses total 2% of sales and miscellaneous selling expenses are $2.100 plus 0.5% of sales. Total selling expenses for the month of February (b) (c) id) $196,100 $250,000 ST85.650 $189,500 A company began its operations on September 1 of the current year Budgeted sales for the first three months of business are: $240,000 for September; $300,000 for October, and $420,000 for November. The company expects to sell 20% of its merchandise for cash and the remainder on credit. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the second month following the sale. The cash collections from accounts receivable in September are: (a) $134.400, (b) S192.000 (c) $168.000 (d) $240,000