Which of the Following Is a Use of the Materials

question 127

Multiple Choice

Which of the following is a use of the materials purchases budget?

• A)It helps managers minimize the resources invested in inventory.
• B)It helps managers plan the quantity and timing of purchases of material.
• C)It helps ensure the adequate level of inventory.
• D)All of these ans choices are correct.

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Definitions:

Standard Costs

Predetermined costs of manufacturing a single unit of product, used for budgeting and performance evaluation.