Calculator
If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory of 24,000 units, and has 22,000 units on hand as of the beginning of the year, the budgeted volume of production for the year is 202,000 units.
True
False
The budget process involves doing all of the following except
dismissing all managers who fail to achieve operational goals specified in the budget
periodically comparing actual results with the goals
executing plans to achieve the goals
establishing specific goals
Production = Sales units + Ending Inventory - Beginning
Inventory
= 200000 + 24000 - 22000 = 202000 units
Therefore answer is True
Answer is a. dismissing all managers who fail to achieve
operational goals specified in the budget
The reasons for not achieving the goals are assessed and not
managers are dismissed
Calculator If Division Inc. expects to sell 200,000 units in the current year, desires ending inventory...
41. The budget process involves doing all of the following except A. executing plans to achieve the goals B. firing all managers who fail to achieve operational goals specified in the budget C. periodically comparing actual results with the goals D. establishing specific goals 42. The process of developing budget estimates by requiring all levels of management to estimate sales, production, and other operating data as though operations were being initiated for...