-Which of the Following Budgets Provides the Starting Point for the Preparation

question 163

Multiple Choice

-Which of the following budgets provides the starting point for the preparation of the direct labor cost budget?

• A)direct materials purchases budget
• B)cash budget
• C)production budget
• D)sales budget

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Definitions:

Warehouse Receipts

Documents issued by warehouse operators certifying the possession and storage of specified goods.

Bills of Lading

Official documents issued by a carrier to acknowledge the receipt of cargo for shipment.

Accession

A method of acquiring property rights by adding value to personal property through labor or new materials.

Speakers

Devices designed to produce audio output from an electronic device.