Which of the Following Budgets Is Not Required in a Wholesale

question 126

Multiple Choice

Which of the following budgets is not required in a wholesale organization?

• A) Cash.
• B) Sales.
• C) Production.
• D) Cost of goods solD.
• Production is only used in a manufacturing organization.

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Definitions:

Average Total Costs

The cost per unit produced calculated by dividing the total cost of production by the quantity of output.

Average Fixed Cost

The fixed cost per unit of output, calculated by dividing total fixed costs by the quantity of output produced.

Line Segment AB

The part of a line that is bounded by two distinct end points, and contains every point on the line between its endpoints.

Overhead

Overhead refers to the ongoing business expenses not directly tied to creating a product or service but necessary for the business's operations, such as rent, utilities, and salaries.