Which One of the Following Budgets Would Be Prepared for a Manufacturer

question 88

Multiple Choice

Which one of the following budgets would be prepared for a manufacturer but not for a merchandiser?

• A) Direct labor budget
• B) Cash budget
• C) Sales budget
• D) Budgeted income statement

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Definitions:

Binary Variable

A variable that has only two possible values, often represented as 0 and 1, used to denote presence or absence, success or failure, and similar dichotomies.

Optimal Solution

The most efficient, effective, or desirable solution to a problem or the best decision given the constraints.

Total Cash

The overall amount of liquid assets available to an individual or organization.

Price/demand Elasticity

A measure of how much the demand for a product changes in response to a change in its price.