Which of the Following Is $\textbf{ not }$

question 101

Multiple Choice

Which of the following is $\textbf{ not }$ a step in preparing the direct materials purchases budget?

• A)Enter the budgeted sales from the sales budget.
• B)Calculate the direct materials production needs by multiplying the number of units to be produced by the direct materials standard quantity for one unit.
• C)Calculate the total direct materials required for the period by adding the ending inventory to the direct materials production needs.
• D)All of these ans choices are steps in preparing the direct materials purchases budget.

Understand the functions and contents of an organizational chart and its limitations.

Understand the basic principles and operations of batch and continuous processes.

Identify and differentiate between centralized and distributed control systems.

Grasp the concepts of on/off control, including its advantages and limitations.

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Definitions:

Labour

The human effort, both physical and mental, used in the production process.

Competitive Bidding

A purchasing process in which suppliers submit bids to win the rights to fulfill a contract.

Bid Price

The price a buyer is willing to pay for a good, service, or financial instrument.

Incremental Costs

Costs that change with the level of output or activity, directly associated with a specific business decision.