There Are Various Budgets Within the Master Budget

question 68

Multiple Choice

There are various budgets within the master budget.One of these budgets is the production budget.Which of the following best describes the production budget?

• A) It details the required direct labour hours.
• B) It details the required raw materials purchases.
• C) It is calculated based on the sales budget and the desired ending inventory.
• D) It summarizes the costs of producing units for the budget perioD.

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Definitions:

Neutral Explanation

An unbiased and impartial description or clarification of facts or concepts.

Previous Layoff

A past event in which employees were dismissed from their jobs due to economic downturns, restructuring, or other business reasons.

Self-Pity

The indulgence in one’s own sorrows or misfortunes, often with a negative impact on one’s mental well-being and perspective.

You-Attitude

A style of communicating that looks at things from the audience’s point of view, emphasizes what the audience wants to know, respects the audience’s intelligence, and protects the audience’s ego. Using you generally increases you-attitude in positive situations. In negative situations or conflict, avoid you since that word will attack the audience.