Which of the Following Is a True Statement

question 14

Multiple Choice

Which of the following is a true statement?

• A) The direct materials purchases budget is determined from the direct labor budget.
• B) The only budget providing input into the revenue budget is the sales budget.
• C) The direct materials purchases budget and the capital expenditures budget are both determined from the production budget.
• D) The selling and administrative expense budget is input into the forecasted cost of goods sold.

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Definitions:

Vectors

Physical quantities characterized by having both magnitude and direction, commonly used in physics and engineering to describe forces, velocity, etc.

Magnitude

The size, extent, or importance of something, often used in mathematical contexts to describe the absolute value of quantities.

Whiskey Rebellion

Violent protest by western Pennsylvania farmers against the federal excise tax on whiskey, 1794.