Match the Following Terms with Their Definitions

question 113

Multiple Choice

Match the following terms with their definitions.
-Lowest terms

• A)Equivalent to the original but with larger numbers
• B)Numerator is less than denominator
• C)Smallest nonzero whole number all denominators divide into
• D)Bottom part of fraction
• E)Top of fraction
• F)Numerator is equal to or greater than the denominator
• G)A reducing method when multiplying or dividing fractions
• H)Number divisible only by itself and 1
• I)Expresses a part of a whole number
• J)Largest possible number that divides evenly into both parts of fraction
• K)Whole number and a proper fraction
• L)No number (except 1)divides evenly into both parts of fraction
• M)Interchanging denominator and numerator

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Definitions:

Direct Materials Budget

A financial plan that estimates the raw materials needed for production and the associated costs.

Production Budget

An estimate of the number of units that must be produced during a period to meet expected sales demand and to satisfy ending inventory requirements.

Raw Materials

These are the basic, unprocessed inputs used in manufacturing to produce finished goods.

Selling and Administrative Expense Budget

A detailed plan that estimates the expenses related to selling products and managing the business.