Which of the Following Is Not a Step in Preparing

question 152

Multiple Choice

Which of the following is not a step in preparing the cost of goods sold budget?

• A)Add the budgeted direct materials, budgeted direct labor, and budgeted manufacturing overhead used in production to the beginning work in process balance.
• B)Subtract the budgeted ending work in process balance to determine the budgeted cost of goods manufactured.
• C)Add the beginning finished goods balance.
• D)Enter the standard cost of each product.

---

Definitions:

Yield

A measure often used in finance to indicate the earnings generated and realized on an investment over a particular period, expressed as a percentage of the investment's cost.

Price

The sum of money needed to buy a product, service, or property.

Coupon Bond

A bond that entitles the holder to receive a fixed interest payment (coupon) at regular intervals until maturity, at which point the principal is repaid.

Yield To Maturity

The expected overall yield on a bond when it is kept until it matures.