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

question 48

Multiple Choice

Which of the following is $\textbf{ not }$ 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)All of these ans choices are steps in preparing the cost of goods sold budget.

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Definitions:

Cost-Push Inflation

It occurs when the overall prices in an economy increase due to rising costs of wages and raw materials.

Employment

A state of having a paid job or occupation, contributing to an economy's workforce.

Anticipated Inflation

Inflation that is expected to occur in the future, as predicted by current economic indicators and analysis.

Unanticipated Inflation

Inflation that occurs when the actual rate is not what was expected, causing uncertainty and potential issues for businesses and consumers.