Which of the Following Are Fixed-Time Period Inventory Models

question 76

Multiple Choice

Which of the following are fixed-time period inventory models?

• A) The EOQ model
• B) The least cost method
• C) The Q model
• D) Periodic system model
• E) Just-in-time model

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Definitions:

Master Budget

A number of separate but interdependent budgets that formally lay out the company’s sales, production, and financial goals and that culminates in a cash budget, budgeted income statement, and budgeted balance sheet.

Interdependent Budgets

Budgets within an organization that are related and influenced by one another, requiring coordination for effective financial planning.

Units Produced

A measure of output from a production process, indicating the total number of complete units manufactured during a given period.

Expected Sales

Sales that a company realistically anticipates to achieve in a specific period, based on market research, historical data, and current market conditions.