Which One of the Following Shows the Raw Materials Required

question 142

Multiple Choice

Which one of the following shows the raw materials required for production and their budgeted cost?

• A) Direct materials usage budget.
• B) Budgeted cost of goods sold.
• C) Direct materials purchases budget.
• D) Production budget.
• E) Direct materials cost budget.

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Definitions:

Bank Deposit

Money placed into a banking institution for safekeeping, which can earn interest depending on the type of account.

Weighted Average Float

Weighted average float refers to the average time between when a check is deposited in a bank and when the funds are made available, weighted by the value of each check.

Clearing Times

The period it takes for a transaction to be processed, confirmed, and settled between buyer and seller in the financial markets.